Compensation Package and Employees’ Performance in a Quoted Bank in South-West, Nigeria
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Authors: Egbivwie Ejiroghene Steffi
Affiliations: Department of Business Administration, College of Management and Social Sciences, Glorious Vision University, Ogwa, Edo
State, Nigeria.
Corresponding Author: steffi.egbivwe@gvu.edu.ng
Published in: ESUI Business and Management Journal, Volume 2, Issue 4 (2025)
Pages: 75-81
ISSN: 1595-5656
Views: 165 | Downloads: 22
Status: Approved
License: Creative Commons Attribution 4.0 International
Abstract
The study focused on compensation package and employee's performance in a quoted bank in South-West, Nigeria.
The objective of the study is to determine the effect of compensation package on high labour turnover.
The study adopted survey design. The population of the study was one thousand four hundred and fifty (1450) employees.
The sample size for the study is 314 with the use of Taro Yamani's formula. A questionnaire was applied in the collection of data from Guaranty Trust Bank (GTB) PLC.
T-test analysis was employed for the analysis of data. Findings indicated that compensation packages to high extent adequately reduced high labour turnover.
The study concluded that the role of compensation implementation improves employee's performance to achieve organizational goal.
It was recommended that the organisation should know the importance of compensation in order to create fair compensation packages to all employees for the benefit of both the organization and employees.
Keywords
Compensation Package, Employees’ Performance, Labour Turnover, Satisfaction, Morale
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Format: PDF | Size: 363 KBHow to Cite
Egbivwie Ejiroghene Steffi. (2025). "Compensation Package and Employees’ Performance in a Quoted Bank in South-West, Nigeria." ESUI Business and Management Journal, 2(4), 75-81.
Publication Timeline
- Received: December 2, 2025
- Accepted: December 22, 2025
- Published: December 23, 2025
- Last Updated: April 19, 2026
DC.Title: Compensation Package and Employees’ Performance in a Quoted Bank in South-West, Nigeria DC.Creator: Egbivwie Ejiroghene Steffi DC.Date.issued: 2025-12-23 DC.Source: ESUI Business and Management Journal DC.Source.Volume: 2 DC.Source.Issue: 4 DC.Identifier: 84 DC.Language: en DC.Type: Text.Serial.Journal DC.Rights: Copyright (c) 2025 Egbivwie Ejiroghene Steffi DC.Rights.License: CC BY 4.0 DC.Identifier.PDF: https://esuibusinessjournal.com/uploads/manuscripts/696d1343b44bc_Compensation_Package_and_Employees____Performance_in_a_Quoted_Bank_in_South_West__Nigeria.pdf