Enhancing employee performance through compensation management in the manufacturing industry

Abstract

The study examined the effect of Compensation Management on employee performance in the Manufacturing Industry, specifically with a focus on Flight Aluminium Plc in Asaba Delta State, Nigeria. The specific objective of the study is to ascertain two measures of Compensation Management namely; Salary (SLY), and Benefits Programmes (BP), and how they affect employee performance in the Manufacturing Industry. The study employed a descriptive survey research design. The sample size is 75 respondents, this was determined using the purposive sampling technique. The study made use of the Likert scale of point 5 is used for the closed-ended questions to draw responses from the respondents. A total of seventy-five (75) questionnaires were administered by staff of Flight Aluminium Plc in Asaba, Delta State. Out of the seventy-five (75) questionnaires, (73)97.33% were retrieved and properly filled while two (2)2.67% were not returned. Thus, the sample to be used for the study was used in the range of seventy-three (73) respondents. Data presented and analysed in this study is dichotomized into three parts. First is the data presentation which comprises the descriptive analysis of the respondent's profile using simple weighted percentages, Second, the descriptive statistics of data obtained from the questionnaire using minimum, maximum, mean, and standard deviation the Pearson correlation analysis would be used as a basis of testing the hypothesis. The findings revealed that both independent variables (Salary (SLY) and Benefits Programmes (BP), have a significant relationship with employee performance in the Manufacturing Industry. The study recommended that the company should continue providing security benefits to all employees, their position notwithstanding as it will positively influence employee productivity and raise overall performance in the manufacturing sector.