Effect of Salary Increment on Employee’s Productivity: An Example from Selected Nigerian Banks
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Date
2011
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Business Administration, Ibrahim Badamasi Babangida University, Lapai-Niger State
Abstract
satisfaction and motivation are very essential to the continuing growth and optimum performance of organizations systems around the world. This study assessed the effects of salary and emolument as a means of enhancing productivity in banking industries. The objective of this research work is to critically examine the effect that increment of salary and enhanced emolument has on employees' productivity. The data used were primarily obtained from questionnaire administered to the staff of the randomly selected banks in Nigeria. The regression method of data analysis was used to test the outcome of the feedback of the questionnaire distributed. The study discovered that salary increment and enhanced emoluments has a positive effect on the level of employees' productivity. It was also found out that salary increment and enhanced emoluments is a means to motivate workers_ The study therefore recommended that salary increment should be promptly effected by management so as to improve the overall performance of the organization. Also the conditions of service and won( environment should be conducive for employees because productivitv increases as a result of good uynkiip condifinn. Finally a bonus SlIvevhslionld be introduced to reward efficient and hardworking employees
Description
Keywords
Increment, Salary, Employees, Productivity, Banks
Citation
Abdulrashee, A. et al