Compensation Management Practices and Employee Job Performance in Private Universities, Southwest Nigeria
Year: 2025
Type: article
Study design: Observational Study
Abstract: This study investigates the impact of compensation management practices on employee job performance in selected private universities in southwest Nigeria. The population of this study consisted of 1880 employees from six private universities ranging from the level of an assistant lecturer to the professorial carder. Three research hypotheses were formulated to achieve the stated objectives of the study. The result revealed that contingent pay and variable pay had positive significant effect on employee Commitment. Moreover, variable pay and contingent pay affects employee commitment positively. Also, the study further revealed that `contingent pay and variable pay had positive significant effect on employee job satisfaction. Moreover, variable pay and contingent pay affects employee job satisfaction positively. Lastly, hypothesis three revealed that recognition had positive significant effect on employee retention. This study concluded that, compensation management practices had significant positive effect on employee job performance in selected private universities in Nigeria. The study recommends that contingent pay and variable pay should be implemented in private universities in Nigeria, it should be designed and fashioned out effectively to enhance job performance.
Institution: Osun State University
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411655752