WAGE EROSION AND COMPRESSION IN THE NIGERIAN CIVIL SERVICES: IMPLICATIONS FOR PERFORMANCE
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Date
2016
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Journal of Public Administration, Finance and Law
Abstract
The importance of wage or salary administration practice to the achievement of individual and group efforts in any organization cannot be over stressed. It is vital to the achievement of the corporate goal of any organization. Therefore, it is an important personnel management function. Perhaps, payment of wage and salary is the single most important obligation owed by an employer to an employee in organizations worldwide. However, the payment of salary in the state civil services, local government areas and even at the federal level in Nigeria has become problematic and hence worrisome today. This is as a result of the general economic down turn leading to inequitable pay or delay in payment or non-payment of salaries of civil servants coupled with high rate of inflation which constitute what this paper regards as wage erosion. This paper holds the opinion that this trend has grievous implications for the performances of civil servants and national development if not properly and promptly addressed.
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Keywords
Wage or Salary, Wage Erosion, Implications for performance, Economic depression, Minimum Wage