Compensation Management and Employee Job Satisfaction: A Case of Nigeria

Abayomi Olarewaju Adeoye · Ziska Fields

68 citations0/0 files storedJournal of Social Sciences

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Employee Performance and Management Job Satisfaction and Organizational Behavior Human Resource and Talent Management

Abstract

Human resources are the pivot of organisational effectiveness and the greatest asset that an organisation can possess. The retention of skilful and well equipped workforce in an organisation is pertinent to the growth and overall performance of an organisation. The satisfied employees’ surely contribute to the organisation to achieve its competitive advantage over its competitors. The present study is an attempt to investigate the relationship between compensation management and employees’ job satisfaction in Nigeria’s Insurance Sector. The instrument used in information gathering was questionnaire. In all, 250 questionnaires were administered to the employees’ of an insurance company, 213 were retrieved and 212 were found usable for response rate of 84.4%. The statistical analysis revealed that compensation management and employees’ job satisfaction are significantly correlated though weak and that compensation management have an impact on motivation and job satisfaction of employees’. Implications of the study for managers in the perspective of HR practices have been highlighted and recommendations are offered.

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1982Out of the Crisis 1996Using the balanced scorecard as a strategic management system 2015Strategic human resource management 1999A Handbook of Human Resource Management Practice 1967Work and the Nature of Man.1969What is job satisfaction?1967Manual for the Minnesota Satisfaction Questionnaire.2002Examining the Human Resource Architecture: The Relationships Among Human Capital, Employment, and Human Resource Configurations

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