REWARD SYSTEMS AND EMPLOYEE PERFORMANCE IN BN CERAMICS, AJAOKUTA, KOGI STATE
Abstract
This study was carried out to investigate Reward System and Employee Performance in BN Ceramic, Ajaokuta, Kogi State. The study adopted a descriptive research design method. The research study population was 1300 employee of BN Ceramic, Ajaokuta, Kogi State. A simple random sampling technique was used to sample 305 respondents for this study. Questionnaire was the instrument used for data collection. Out of 305 questionnaire distributed to the respondents 253 was retrieved and analysis was based on 253 retrieved questionnaires. Frequency tables was used for analysis and multiple regression was conducted with the aid of Strata version 13 software, Statistical analysis analysis revealed showed a strong positive correlation between salary and wages, bonuses and commission on performance. The study concludes that reward system has a significant positive effect on employees’ performance, implying that employees will work and perform better when paid regularly for their work done. The study therefore concludes that the firm the firm should implement a transparent and reward system aligned with performance targets to motivate
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