The Effect of Compensation Management on Employee Performance

The Effect of Compensation Management on Employee Performance: A Case Study of First Bank Limited

Project Abstract:

This study examined “The Effect of Compensation Management on Employees’ Performance using First Bank Nigeria Plc as a case study. The study employed a survey research design and sampled three hundred and two respondents. Three hundred and two copies of questionnaires were distributed and only two hundred and fifty copies were retrieved. Data were presented and analyzed using a simple percentage method and tables. Hypotheses formulated were tested using Pearson Product Moment correlation analysis. The result of the finding revealed that compensation management has a significant effect on workers’ satisfaction in a financial institution. It was also revealed that compensation management enhances workers’ productivity as it ensures that the right number of workers, at the right time and right place are recruited. The study recommended among others that compensation management must be closely involved at the management level where an organization plan is formulated and information obtained about the direction of the organization.

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