Strategic compensation and employee commitment among commercial banks in Kano state, Nigeria
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Date
2016-05
Authors
Journal Title
Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
This study, investigated the influence of strategic compensation (pay for knowledge and
pay for performance) on employee commitment In particular, the study established
relationship between pay for knowledge and employee commitment, pay for
performance and employee commitment as well as the interaction of pay for knowledge
and pay for performance (strategic compensation) with employee commitment among
employees of commercial banks operating in Kano/ Nigeria. The study adopted
descriptive correlational design and Cross Sectional Survey. The study also used both
qualitative and quantitative data. That is/ Data was gathered through questionnaire and
interview. Specifically, 291questionnaires were distributed out of which 257 were
properly filled and returned Also ten interviews were conducted, with the respondents
(interviewee). The data was further analyzed and interpreted using frequencies and
percentages (for the respondents background informationJ means and standard
deviation (for determining the extent of independent and dependent variables/ as well
as Pearson s linear correlation coefficient and regression (for the relationships between
the independent variable and dependent variable). Based on the analysis/ the research
found high affective commitment, high continuance commitment, but low normative
commitment The study also found high pay for knowledge/ but low pay for
performance. The study also revealed significant and positive relationship between pay
for knowledge and employee commitment, pay for performance and employee
commitment and strategic compensation (pay for knowledge and pay for performance)
and employee commitment among employees. Therefore/ based on the findings/ the
study concluded that, the null hypotheses of no significant relationship between pay for
knowledge and employee commitment, pay for performance and employee commitment
and strategic compensation (pay for knowledge and pay for performance) and employee
commitment among employees of commercial banks were rejected/ clearly indicating
positive and significant relationship between them. The study also recommends that
employees should enjoy more strategic compensation (pay for knowledge and pay for
performance normative commitment should be given attention and employee
commitment should always be best approached in a multidimensional way.
Key words: strategic compensation employee commitment, pay for knowledge
Description
A research dissertation submitted to College of Economics and Management in partial fulfilment of the requirement for the Award of Doctor of Philosophy in Human Resources Management of Kampala International University
Keywords
compensation, Strategic, employee commitment, commercial banks