Impact of Employee Compensation on Enterpreneurial Productivity
Impact of Employee Compensation on Enterpreneurial Productivity
Abstract of Impact of Employee Compensation on Enterpreneurial Productivity
This research study with the topic “Impact of Employee Compensation on Entrepreneurial Productivity” sort to find out if there was any significant improvement on entrepreneurial productivity by way of fair and adequate employee compensation. The most visible reward for work is monetary. Not surprising therefore, that employees place great emphasis on matters relating to their remuneration. Compensation is the remuneration received by an employee in return for his/her contribution to the organization. It refers to payment of a fair and adequate remuneration to employees. In a nut shell, compensation is price for labour. The main objective of this study is to highlight the need for adequate remuneration especially in the private sector. To enumerate the effect of inadequate remuneration on entrepreneurial productivity, examine the correlation between remuneration and employee performance among others. Survey research method was used through the use of comprehensive questionnaires which were distributed among members of staff of Flying Eagle Shipping Limited. In the analysis of data collected, it was found that employee compensation has significant impact on entrepreneurial productivity. Employee is the most vital resource for any organization hence the need for fair and adequate compensation. Based on the findings of this research work, it was recommended that the issue of employee remuneration should be taken seriously by Entrepreneurs. Entrepreneurs should change their orientation about employees and pay more attention to their compensation as employee is the goose that lay the golden egg for the organization. This research work will be of immense importance to employees and employers in the private sector especially human resources Managers who will adopt the findings of this research for better compensation scheme of their workers.