EFFECT OF WORKPLACE COMPENSATION ON EMPLOYEE’S PERFORMACE A STUDY OF UNITED BANK OF AFRICA, ILORIN, KWARA STATE

ABSTRACT This study examines how compensation at workplace affects employee performance with special reference to United Bank for Africa (UBA) in Ilorin, Kwara State. The objectives that lead the study are as follows: (1) to determine the role of employee compensation on organizational productivity; (2) the role of employee compensation on job satisfaction; (3) the relationship between employee compensation and remuneration packages; and (4) the interrelationship between employee compensation and job satisfaction in the organisation. The survey research design was taken. The study involved thirty (30) employees and primary data was used and a structured questionnaire had to be developed to suit the research objectives. The data were examined through the chi-square statistical methods. The results suggest that employee compensation has a positive influence on the organizational productivity and job satisfaction. The research finds out that effective and balanced compensation packages are motivating to the employees, enhance performance, and help the organisation grow. Based on this, it is suggested that financial institutions management should embrace positive compensation policies to boost employee morale, performance and overall organizational performance.