EXAMINING THE IMPACT OF EMPLOYEES’ REMUNERATION ON ORGANISATIONAL PRODUCTIVITY

The study assessed examining the impact of employees’ remuneration on organizational productivity: a study of Moshood Abiola Polytechnic, Abeokuta, Ogun State. Employee remuneration is a critical factor in determining organizational productivity. It encompasses all forms of financial rewards and benefits provided to employees in exchange for their services. At educational institutions like Moshood Abiola Polytechnic, Abeokuta, Ogun State, the effectiveness of remuneration policies can significantly influence staff motivation, job satisfaction, and overall performance. The objectives of the study were: to examine the effect of prompt remuneration on the turnover of Moshood Abiola Polytechnic, Abeokuta Management; to assess the impact of prompt payment of remuneration on employee performance; to evaluate the effect of experience and skills on employee remuneration in Moshood Abiola Polytechnic, Abeokuta Management; to establish the effect of intra-firm differentials on employee remuneration in Moshood Abiola Polytechnic, Abeokuta Management. The population of the study was 145. The questionnaires were distributed to One Hundred and Six (106) randomly selected employees of Moshood Abiola Polytechnic, Abeokuta, Ayetoro, Ogun State. After testing the hypotheses, it was discovered that prompt employee remuneration does not significantly affect organization turnover in Moshood Abiola Polytechnic, Abeokuta and prompt remuneration motivates employees in Moshood Abiola Polytechnic, Abeokuta. On the other hand, most of the respondents disagreed that their remuneration was enough to make them desire working for your organization; that in addition to their salary, they enjoy other benefits such as health insurance, annual paid leave and overtime allowances in your organization, which are paid promptly; that their remuneration reflects your professional skills, competence, performance and additional services offered by you; that employees in their organization are allowed to negotiate their remunerations; that if there is delay in the payment of remuneration, the employees will embark on industrial actions; and that their organization has never delayed in the payment of my remuneration. The following recommendations are forwarded: the management of Moshood Abiola Polytechnic, Abeokuta, Ayetoro, Ogun State should never take the remuneration of their employees for granted because it will result in low productivity; the reason for frequent workers strike is borne out of poor remuneration and condition of services which the Moshood Abiola Polytechnic, Abeokuta, Ayetoro, Ogun State must see as a twin scourge that can adversely affect the organization; participation of employees should be encouraged and allowed in pay determination both in the Moshood Abiola Polytechnic, Abeokuta, Ayetoro, Ogun State; since employees usually take the issue of equity in pay at work seriously, the management of Moshood Abiola Polytechnic, Abeokuta, Ayetoro, Ogun State should ensure that their pay is competitive when compared to firms in the same or similar industry; there should be prompt payment of salaries, wages and all entitlements.