IMPACT OF EMPLOYEE REMUNERATION ON EMPLOYEE PERFORMANCE IN MANUFACTURING COMPANIES

The study examined the impact of employee remuneration on employee performance in manufacturing companies in Ogun state, Nigeria. The objectives were to establish the effects of financial rewards and non-financial rewards on employee performance. The research design adopted was a descriptive research design. The study population comprised all the employees of Royal Foam Nig Ltd. in Sango Otta, totaling 120. The sample size of 92 was determined using the Taro Yamane formula, and the sampling technique used was stratified sampling. The findings revealed that financial rewards have a significant and positive impact on employee performance in manufacturing companies in Ogun state. Non-financial rewards also have a significant and positive impact on employee performance within manufacturing companies located in Ogun state, Nigeria. The provision of non-monetary forms of recognition and appreciation. The study concluded that it is a strategic imperative for manufacturing companies to adopt a holistic and aligned approach to reward management, leveraging a balanced mix of financial and nonfinancial rewards to cultivate a highly motivated, engaged, and high-performing employee base capable of driving sustainable competitive advantage in the sector. The study recommended that manufacturing companies in Ogun state should develop comprehensive reward management strategies that effectively integrate both financial and non-financial reward mechanisms.