Compensation Strategy as an Alternative Paradigm to Employee Performance: An Empirical Evidence from Nigerian Breweries PLC
Sajuyigbe, Ademola Samuel *
Department of Business Administration and Management, Osun State Polytechnic, Iree, Nigeria.
A. Adesola Michael
Department of Business Administration and Management, Osun State Polytechnic, Iree, Nigeria.
Omotoso Olanrewaju
Department of Registry, Osun State Polytechnic, Iree, Nigeria.
*Author to whom correspondence should be addressed.
Abstract
The study examines the influence of compensation on employee’s performance with particular reference to Nigerian Breweries Plc. Purposive sample technique was adopted to select 5 staff members each from the marketing department, quality control department, procurement department, human resources department and legal department and production department, totaling 60 participants as a sample size for the study. Data analysis was performed with the aid of mean, standard deviation and linear regression. The results reveal that the level of compensation and performance is manageable. The result also show that compensation has a significant impact on the employee performance. The study concludes that compensation strategy is a major predictor of employee performance. Therefore, study recommends that Nigerian breweries and other manufacturing firms in Nigeria should re-appraise their compensation programs within the context of their corporate strategy and specific human resource strategy to ensure that they are consistent with the necessary performance measures required by the manufacturing sector.
Keywords: Compensation, employee performance, Nigerian Breweries, human resources.