Impact of Strategic Reward and Compensation Practices on Performance of Union Bank Ple in Ilorin Metropolis

Simple item page
dc.contributor.authorSULEIMAN, Ahmed Aremu
dc.contributor.authorAYOOLA, Olorunfemi Joseph
dc.date.accessioned2024-04-26T09:52:35Z
dc.date.available2024-04-26T09:52:35Z
dc.date.issued2022-01
dc.description.abstractThe success of any business organization in today's ever-changing business world is attributable to its ability to compete favourably in the market. Therefore, strategic reward and compensation practices become vital tools used by managers of different organizations to stimulate the activities of the employees to act towards achieving the set objectives of the organization. Hence, the main focus of the study is to examine the effect of strategic reward and compensation practices on employees' performance. The descriptive survey research method was adopted for the study. A total of 53 copies of the structured questionnaire were administered to the respondents to obtain the necessary primary data. Simple regression was used for testing the formulated hypotheses. The result of the analysis revealed that strategic reward and compensation practices have a significant influence on the performance of employees (R= 0.949 and p-value less than 0.05). The study concluded that there is a significant effect of strategic reward and compensation practices on employees' performance. Therefore, the study recommended that bank management should always review the content of their strategic reward and compensation practice from time to time consistent with the interest of the staff by considering their welfare accordingly so that they can put in their best to gain a competitive advantage.
dc.identifier.citationSuleiman, A. A. & Ayoola, O. J. (2022). Impact of Strategic Reward and Compensation practices on performance of Union Bank Plc in Ilorin Metropolis. Sokoto Journal of Management Studies, 30(1): 45-60, Published by the Faculty of Management Sciences, Usmanu Danfodiyio University, Sokoto, Nigeria.
dc.identifier.issn2141-1670
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/123456789/13015
dc.language.isoen
dc.publisherThe Faculty of Management Sciences, Usmanu Danfodiyo University, Sokoto, Nigeria.
dc.subjectCompensation
dc.subjectEmployees performance
dc.subjectPractices
dc.subjectStrategy
dc.subjectReward
dc.titleImpact of Strategic Reward and Compensation Practices on Performance of Union Bank Ple in Ilorin Metropolis
dc.typeArticle

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
Impact of Strategic Reward and Compensation .pdf
Size:
10.91 MB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections