COMPENSATION POLICY AND ORGANIZATION PERFORMANCE AT TONY’S FARM, KOTON KARFE KOGI STATE

Student: Temitope Lucky Gunwa
Supervisor: Prof Gabriel Kolawole Olorunleke
HOD: Prof Athew Olasehinde Fashagba
Department of Business Administration
Management Science
Federal University, Lokoja, Kogi State

Abstract

ABSTRACTS This study investigated the role of compensation in enhancing employee performance at Tony’s Farm, Koton Karfe, Kogi State. The research adopted a survey design and utilized structured questionnaires as the main instrument for data collection. Out of 109 copies of questionnaires distributed, 102 were properly completed and returned, representing a response rate of 93.6 percent. Data were analyzed using descriptive and inferential statistical techniques. The findings revealed that financial compensation significantly influenced employee performance, as the majority of respondents agreed that salary and incentives enhanced productivity and motivation. Non-financial compensation was also found to play an important role, particularly through recognition, training, and career development opportunities, which promoted job satisfaction and organizational commitment. Furthermore, the study established that employee involvement in compensation-related decisions fostered transparency and inclusiveness, thereby improving loyalty to the organization. It was concluded that a balanced combination of financial and non-financial compensation strategies is essential for improving employee motivation, satisfaction, and overall organizational productivity. Keyword: Compensation, Employee Performance, Motivation, Job Satisfaction, Organizational Productivity

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