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Chapter One of The Effect of Compensation on Employees Productivity (a Study of Radisson Blu Hotel Ltd Victoria Island Lagos)
Abstract of The Effect of Compensation on Employees Productivity (a Study of Radisson Blu Hotel Ltd Victoria Island Lagos)
Compensation is recompense, reward, wage or salary given by an organization to persons or a group of persons in return to a work done, services rendered, or a contribution made towards the accomplishment of organizational goals, and any organizations who fail to compensate its employee adequately may not be able to achieve.
Based on above premises, this research study was set out majorly evaluate various mechanism of compensating workers, ensuring good productivity and in a view of archiving organizational goals.
The study was carried out with the use of questionnaire research instruments, whereby hundred respondents were elicited information from with the aid of questionnaires.
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The study reveal that if all forms of incentive (Fringe benefits, adequate compensation, training and better remuneration etc.) were granted to the employees from time to time, it could enhance their performance thereby engendering organizational goals and better productivity.
Key word: Compensation, productivity and employee.
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