This study examined “The Effect of Compensation Management on Employees’ Performance using First Bank Nigeria Plc as a case study. The study employed 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 retrieved. Data were presented and analyzed using 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 significant effect on workers’ satisfaction in 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 organization plan is formulated and information obtained about the direction of the organization.
1.1 Introduction
In this section, the Effect of Compensation Management on Employee Performance is discussed, with relevant and recent citations. As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the aim and objectives of the study. Others are significance of the study, scope of work, research hypothesis and questions, limitation of the study and definition of terms.