Compensation Management and Motivation: Cooking utensils for Organisational Performance

Abstract

The achievement of organisational performance is essential for sustainability and continuous existence of the organisation. Obviously, this is a function of employees that are well remunerated and motivated, thus, it is contingent that compensation management and employees motivation should be aligned with the vision, mission and objectives of the organisation. In doing this, the attainment of organisational performance becomes an easy task and it will also reduce the antecedent negative impact of absenteeism, labour turnover, industrial unrest and non-commitment attitude of the employees. Efficient and adequate compensation management and employees motivation will improve organisational productivity and image of the organisation.In order to attract, hire and retain skilful employees that will ensure the achievement of organisational performance, it is therefore; recommended that there should be a periodical review of compensation package. It is against the backdrop of the import of compensation and motivation as cooking utensils for organisational performance that this addressed.

Sustainability of Micro Business Actors during the COVID-19 Pandemic

“…Similar to the results found by Njoroge et. al [27] which showed that there is a strong relationship between compensation and work performance which is also supported by other studies [24,34,39,40].…”

“…The compensation provided can be in the form of salary, commission, bonus and stimulus [23]. The ultimate goal of compensation is to improve organizational productivity and performance of employee which leads to an increase in the company's competitive ability [24]. Likewise, research [16,[25][26][27] which shows that there is a noticeable impact of compensation on work motivation as well as commitment.…”

Structural Determinants of Job Satisfaction: The Mutual Influences of Compensation Management and Employees' Motivation

“…Ahlstrom and Bruton (2010, p. 200) referred to it as ''thrust for individual's exploits that rejuvenates and guides goal-oriented behaviour''. Similarly, motivation is described as a propeller that strengthens behaviour, offers attitudinal path and inspires consistency as worker meets serious encounters (Grobler, Wärnich, Carrell, Elbert & Hatfield, 2011;Mathis & Jackson, 2011;Adeoye & Elegunde, 2014;Brevis & Vrba, 2014). Ramlall (2004, p. 53) coined it as ''keenness to utilise extraordinary effort towards organisation's goals, conditioned by the efforts ability to satisfy some individual need''.…”

Advocacy, Conducive Environment and Students’ Patronage of Library Information Services in Tertiary Institutions in University of Port Harcourt, Rivers State

“…The impact of a conducive environment on institutional performance and success cannot be underestimated, and as posited by Adeoye and Elegunde (2012), organizations are starting to recognize environmental performance as a source of competitive advantage. Just like other business organizations, academic libraries also operate within two major types of environment, that is, internal and external environment.…”