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DOI Prefix 10.20431 |
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Compensation Management and Employees Performance in the Manufacturing Sector, A Case Study of a Reputable Organization in the Food and Beverage Industry
IBOJO. Bolanle Odunlami 1, ASABI. Oludele Matthew 2
2.lecturer, Department of Business Administration and Management, Faculty of Management Sciences, Osun State College of Technology, Esa Oke. Osun State, Nigeria
Citation : BOJO. Bolanle Odunlami, ASABI. Oludele Matthew, Compensation Management and Employees Performance in the Manufacturing Sector, A Case Study of a Reputable Organization in the Food and Beverage Industry International Journal of Managerial Studies and Research 2014 , 2(9) : 108-117
This paper examined the effect of Compensation Management on Employees Performance in
the Manufacturing Sector, A case study of A Reputable Food and Beverage Industry. The objectives were
to: determine the extent at which compensation management affect employees performance, evaluate the
relationship between working condition and employee performance, access the rate at which welfare
services affect employees performances, explore relationship between compensation management and
improved productivity and explore the relationship between compensation management and retainment of
staff.
Primary and secondary sources were used. The use of questionnaire was employed to gather necessary and
relevant data from the respondents. The methods were used in order to minimize the problems associated
with data collection and to ensure that the results are visible and bias free as expected. The data was
analyzed using inferential and descriptive statistics. The descriptive statistics involves frequency table,
likert scale while the hypotheses were tested using Analysis of Variance (ANOVA).
The results of the findings show the f - statistics of 32.222 which implies that the model is statistically
significant. It shows that there is a significant relationship between good welfare service and employees
performance. The f-statistics of 12.052 shows that the model is statistically significant. This shows that
there is a significant relationship between compensation management and improved productivity. The f -
statistically of 11.237 shows that the model is statistically significant. It shows that is a significant
relationship between compensation management and employees performance.
From the results of the study, it can be concluded that there is a significant relationship between good
welfare service and employees performance. More so, there is a significant relationship between
compensation management and improved productivity. Aside from these, there is a significant relationship
between compensation management and retirement of staff. Conclusively, there is a positive significant
relationship between compensation management and employees performance