IMPACTS OF REWARD AND COMPENSATION SYSTEM ON EMPLOYEES PRODUCTIVITY (A STUDY OF UNITED BANK FOR AFRICAN PLC LAFIA NASARAWA STATE)

This Study seeks to examine the impacts of Reward and Compensation system on employees productivity. And used United Bank for African PLc Lafia Nasarawa State as a case Study. The study has its objective as to establish and to Draw the attention of management to prompt, timely and adequate compensation of employee, Analyze the available reward package and how it affects employees and organizational performance. The study used Basis of Total Reward Strategy theory by Maslow’s as the theoretical Framework. Both primary and secondary method of data collection was used for the study and the questionnaire was used as instrument of data collection. The population of this study is the entire employees of United Bank for African Plc Lafia Nasarawa state which has 84 employees. The statistical techniques used in this research work, to analysis data are Percentage method with chi-square statistical techniques used to test hypothesis concerning the test of goodness of fit, between a sample of observed frequencies and a corresponding sample of expected frequencies. From the analysis of the research data it can be seen that public relations play a huge part in the life of any establishment, be it government or private. From the finding, the researcher observed that there are some reward compensation and system or organization enhances better productivity. UBA Nigeria plc has be able to adopt such system toward their workers.. It is therefore strongly recommended that A good organizational insurance policy developed for all employees especially if would hazard is involved, it will serve as a motivational tool for employee who will understand that they are under care.