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Effect Of Remuneration On Employees Job Satisfaction
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1.2 STATEMENT OF THE PROBLEM
Employee performance no doubt is a
prerequisite for the growth of any organisation or even a nation. The
absence of employee performance is a national disaster in Nigeria. No
wonder the nation is not moving forward. The current agitations, gingles
and adverts by NULGE as advocacy for the autonomy of local government
councils is an indicator of dissatisfaction with their job. Salaries of
local council employees are delayed, and that is even when it is paid at
all.
The academic thrust is not spared of this crises, the ever
lingering strikes by the academic and non-academic staff unions of
universities and polytechnics have always been on the premises of
dissatisfied working terms and poor remuneration package.
Productivity
suffers a lag if compensation is poor or inappropriately used. Some of
the problems associated with reward management system include the
following; the negotiation and bargaining period of total reward system
is difficult. This is so because, some portions of total reward were not
backed up by laws/legislations but by negotiation and bargaining
processes. Sometimes, the employer proves very difficult to negotiate
with. While the employee wants the highest and the best package, the
employer would like to minimize cost as much as possible for profit
maximization. Bad and depressed economic condition in Nigeria makes it
difficult to fully implement a good compensation management system.
In
organised societies, firms see an average worker as the root source of
quality and productivity gains. Those organisations or nations do not
look at capital investments but to employees, as the fundamental source
of improvement. Over there, is an increased emphasis on people as a key
source of competitive advantage, often being regarded as the key
differentiator between organisations, and many managers try to
comprehend the complexities of motivating people at work and provide
them with job satisfaction so that they can gain employee commitment.
Most
employers of labour in Nigeria disregard labour laws and edicts.
Sometimes, this situation leaves the dejected employee with no other
condition than to accept what is offered to him, otherwise, he will face
unemployment consequences. Therefore, this study seeks to determine the
Effect of Remuneration on Employees Job Performance with reference to
Ikorodu Local Government Area (LGA).
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