Effect of Compensation Policy on Employee Performance in Ekiti State
Publication Date: 02/09/2022
Author(s): Ogbogu F.O., Sadamoro O.C..
Volume/Issue: Volume 5 , Issue 2 (2022)
Abstract:
The study looked at the relationship between compensation policy and employee performance in Ado Local Government Area in Ekiti State. The study's goals were to examine the impact of promotion on employee performance, evaluate the impact of salary increases on employee performance, and analyze the extent to which recognition influences employee performance. When it came to safety management, a questionnaire was employed to collect data from the employees. The study's population and sample size were 350 people. Various sampling approaches were used. Because of the nature of the task, the study employed a survey research approach. The study included both primary and secondary data sources. The collected questionnaire was analyzed using correlation analysis. The study discovered that promotion had a considerable impact on employee performance based on the studies conducted. According to the survey, dedicated employees should have their salaries increased once in a while to indicate that their efforts are appreciated.
Keywords:
Compensation, Employee Performance, Salary Increase, Promotion, Recognition.
