REWARD AND COMPENSATION AND EMPLOYEE PERFORMANCE: A STUDY OF LAFARGE AFRICA PLC, CALABAR
Abstract
The general objective of this study was to examine the relationship between rewards and compensation and employee performance in Lafarge Africa Plc, Calabar. The specific objectives were; to examine the relationship between monetary rewards and employee performance in Lafarge Africa Plc, Calabar, and to determine the relationship between non-monetary rewards and employee performance in Lafarge Africa Plc, Calabar, and to ascertain the relationship between compensation and employee performance in Lafarge Africa Plc, Calabar. The design used for the study was the descriptive research design. The target population for this study comprised of 395 management and non-management employees of Lafarge Africa Plc, Calabar. The sample size for this study was determined using Krejcie and Morgan (1970) table. From the table, the sample size was 186 (See Appendix II). The study made used of the simple random sampling technique. The primary source of data for study was the responses from the respondents that were collection through administered questionnaire. To derive useful meaning for the data collected, the ordinary least square regression analysis was used with the aid of SPSS 27.0. The study found that there is a significant relationship between monetary rewards and employee performance in Lafarge Africa Plc, Calabar. The study also found that there is a significant relationship between non-monetary rewards and employee performance in Lafarge Africa Plc. Calabar. The study further found that there is a significant relationship between compensation and employee performance in Lafarge Africa Ple, Calabar. It was recommended that performance-Based Pay should also be introduced to boost the morale of performing workers and encourage others to perform better.
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