A Conceptual Review on Compensation Management and Employee Productivity

Patrick Montok Igbaji, Ene-Ita Ene Okpo, Josiah Josiah Ufot, Orisa Johnson, Yahaya-Idinye Lateefah and Obi Martins Okwudiri
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Patrick Montok Igbaji: Department of Business Administration, Cross River University of Technology, Nigeria
Ene-Ita Ene Okpo: Department of Business Management, University of Calabar, Calabar, Nigeria
Josiah Josiah Ufot: Department of Marketing, University of Calabar, Calabar, Nigeria
Orisa Johnson: Department of Business Management, University of Calabar, Calabar, Nigeria
Yahaya-Idinye Lateefah: Department of Business Management, University of Calabar, Calabar, Nigeria
Obi Martins Okwudiri: Department of Business Management, University of Calabar, Calabar, Nigeria

Frontiers in Management Science, 2024, vol. 3, issue 1, 1-5

Abstract: The study examined compensation management and employee productivity in hotels of Cross River State. Compensation processes are based on philosophies and strategies that contain arrangement in the form of policies and strategies. Compensation management constitutes pay structure in terms of performance, competence, skill, and providing employee benefits. This study was anchored on equity theory. The study concluded that compensation refers to the process by which employees are remunerated for their input at the workplace. The study concluded that management should focus on employees who have the skills in performing tasks where skill based pay is a salary system that determines an employee’s pay based on his or her knowledge, experience, education or specialized training.

Keywords: compensation management; employee productivity (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bdz:frmans:v:3:y:2024:i:1:p:1-5

DOI: 10.56397/FMS.2024.02.01

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