Browsing by Author "Abdullahi, Biliyaminu Sanusi"

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    IMPACT OF COMPENSATION POLICIES ON EMPLOYEES PERFORMANCE IN THE BANKING SECTOR
    (Department of Administration Nasarawa State University Keffi, 2020-02-08) Abdullahi, Biliyaminu Sanusi
    This work examines the impact of compensation on employee’s performance in banking sector. Economics theory suggests that the compensation structures for bank management should have low-pay-performance sensitivity because of the facts that banks are regulated institutions. Monetary values are not the only motivators but non-monetary factors are more important towards motivating employees. Based salary, merit pay, yearned bonus, annual leave, mortgage loan and profit sharing were the most important factors to retain and motivate employees in China. This project has been modified and enriched to achieve the following objectives. To help organizations and. banking industries identify the best ways of encouraging their employees to work harder. To also serve as reference book to banks and organizations that may want to improve on their compensation package. The researcher used chi-square in testing the hypothesis. Based on the findings the researcher discover that wages and salaries are not enough to compensate employees towards high job performance. The study concludes that the ability of the organization to appreciate and implement the various forms of compensation has given a good picture of the effect of compensation on employee's performance. The researcher hereby recommends that to be motivated successfully, employees must be exposed financially to the outcome of the investment project they choose to be invest in bank.