THE EFFECT OF COMPENSATION MANAGEMENT IN ORGANIZATIONAL PERFORMANCE

Eze, Chimdindu Ifeanyi (2018) THE EFFECT OF COMPENSATION MANAGEMENT IN ORGANIZATIONAL PERFORMANCE. Other thesis, Godfrey Okoye University Ugwuomu-Nike, Enugu.

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Abstract

The study deals with the investigation of the effect of compensation management in organizational performance: a case study of Copen Group. In today’s work environment, there is more change and uncertainty, there is increased need for empowered employees, there is decline in traditional incentives, there is rise of nontraditional incentives and there is increased use of variable compensation. In organization, compensation is usually narrowed to cash and as a result, employers only have a tunneled vision when it comes to the issues of compensation for their employees. In pursuit of the objectives, a survey research was carried out in the area and the population used for the study was obtained from Copen Group in Enugu. Sample size of 80 was determined using Taro Yamane’s statistical formula. Data were collected using questionnaire and interview and thereafter tables and statistical tools were used for presentation and analysis respectively. Findings of the study indicate revealed that employees’ level of job satisfaction is negatively affected by the fact that their remuneration is not commensurate with the tasks they perform and job security is not guaranteed. The study concludes that COPEN group is one of the vital sectors necessitating the growth and development of Nigerian economy, therefore, it is vital for organisations to embark on effective compensation management policies that will project and promote employees performance. Recommendation from the study states COPEN group should improve their compensation strategy and remuneration to boost employees’ dedication and commitment to efficiently deliver good customer service. This will improve the sector’s image

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Management and Social Sciences
Depositing User: Master Ifeanyi Chimdindu Eze
Date Deposited: 09 Oct 2018 09:37
Last Modified: 09 Oct 2018 09:37
URI: http://eprints.gouni.edu.ng/id/eprint/922

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