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Chapter One of The Effect of Compensation Management in Improving Employees’ Performance in an Organization (a Case Study of Nigeria Ports Authority, Apapa)
Abstract of The Effect of Compensation Management in Improving Employees’ Performance in an Organization (a Case Study of Nigeria Ports Authority, Apapa)
Compensation management is one of the most important aspects of personnel management. It covers economic rewards in form of wages and salaries as well as in various forms of non-wage economic payment known as fringe benefits, indirect compensation or supplementary pay. Therefore, this research work has been carried out to look at the impact of organizational compensation management system on the performance of employees in the public sector.
The research found out that compensation management has a great impact on the performance of employees in the organization and that there are other factors which re not monetary inclined that contributed greatly to the performance of employees. Factors such as; motivation, leadership, communication, control, sense of belonging and decision making. It is therefore hoped that this project will help in understanding the impact of compensation management on employees’ performance. The project is intended to create awareness for organization members, society and government. Also the general reader will find it educating and informative. The need for this study arises from the variation in performance of employees in the organization that has been noticed and this research work hoped to improve the standard and in order to achieve this, project has gone into so many past works of authors and related literatures in order to profound solutions.
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This study is divided into five chapters covering the wide scope of compensation management. Chapter one deals with the general focus of the study. Chapter two tries to review various concepts and theoretical strands that are relevant to this study. In chapter three, attempt was made to look into the methodology of the study. Chapter four endeavour to present, analyze and summarize the data collected in the course of the study. The conclusion of the study is in chapter five where general discussions, conclusion and recommendations were made. These were considered relevant to improve the impact of compensation management on employees’ performance. In the analysis of the research work it was concluded that compensation management system has a great impact on employees’ performance.
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