Thesis Abstract

Abstract
Remuneration is a critical aspect of employee motivation and satisfaction within organizations. This study aims to evaluate the impact of remuneration on employees' attitudes and performance in organizations. The research will employ a mixed-methods approach, combining quantitative surveys and qualitative interviews to gather comprehensive data. The quantitative aspect will involve distributing surveys to employees across different levels in various organizations to assess their perceptions of the relationship between remuneration, job satisfaction, and performance. Factors such as the adequacy of salary, benefits, incentives, and rewards will be examined to determine their influence on employee attitudes and motivation. Furthermore, the qualitative component will consist of in-depth interviews with a select group of employees and managers to gain deeper insights into the subjective experiences and perspectives regarding remuneration. These interviews will provide a nuanced understanding of how different types of compensation packages impact employee engagement, loyalty, and overall job performance. The research will also explore the role of non-monetary rewards, such as recognition, career development opportunities, and work-life balance initiatives, in shaping employees' attitudes towards their work and the organization. By considering both financial and non-financial incentives, the study seeks to provide a holistic view of how remuneration practices can influence employee behavior and organizational outcomes. The findings of this research are expected to offer valuable insights for organizational leaders and human resource practitioners in designing effective remuneration strategies that enhance employee engagement and performance. By understanding the factors that drive employee motivation and satisfaction, organizations can align their compensation practices with the needs and expectations of their workforce, leading to improved productivity, retention, and overall organizational success. In conclusion, this study aims to contribute to the existing literature on employee remuneration by exploring its impact on attitudes and performance within organizational settings. By integrating quantitative and qualitative methods, the research seeks to provide a comprehensive analysis of how remuneration practices influence employee behavior and organizational outcomes, ultimately guiding the development of more effective human resource management strategies.

Thesis Overview

• INTRODUCTION

Remuneration refers to the mode of compensating the workers exerting their energy or spending their time in accomplishing their organizations objectives.

Remuneration can be in monetary terms or in form of services. A monetary term is of course in form of wages and salaries and part of fringe benefits like housing and transportation allowances. Compensation package has three major components which are wages and salaries, fringe benefits and the other one is incentive schemes. Remuneration which comes in form of services includes recreational services, canteen services and medical services.

Remuneration has a significant impact on workers attitude and performance in organization because it is the most effective motivational technique. Good remuneration improves productivity, while poor remuneration affects productivity adversely. However, the general problem of monetary remuneration is that they are expert in the short run but not necessarily cost effect. On the other hand, monetary remuneration can motivate workers depending on his or her needs for  money. Individual behaviour and consequently performance in an organization is related to remuneration. This is because people come to work in order to excel or to succeed in competitive situation.

As such, individuals with high needs for achievement have intense desire for success and equally intense fear of failure. As individuals, they like to see challenges set moderately difficult talk (but not impossible goal) for themselves, take realistic approach to risk, prefer to assume personal responsibilities to get the job done like specific and prompt feedback on how they are performing and likeness to work for long hours (Alfred, 1987).

Therefore, remuneration is one of the best motivational factors that facilitate individuals to put in their best in their job. As such, a well remunerated individual tends to work hard while a poorly remunerated worker does not put much effort in his or her job because such individual is not motivated.

• OBJECTIVES OF THE ESSAY

The main objective of the essay is to evaluate the impact of remuneration on workers or employees attitude and performance in an organization. Other specific objectives are:

1. To identify how remuneration affect employees performance and attitude in organization.
2. To find out the various method of remuneration in organization.
3. To identify the objectives of remuneration in organization.
4. To identify the challenges of wages and salaries administration in organization and to provide workable solution to the identified problems.

 

• SIGNIFICANCE OF THE ESSAY

The essay is significant in the following ways:

To corporate organizations, it would enhance policy formation in the areas of staff wages and salaries administration.

To students who may wish to use this essay as a reference material or as a spring board for their own work would find this work really significant.

• SCOPE AND LIMITATION OF ESSAY

The essay focuses on the impact of remuneration on individual works attitude and performance in organization.

However, the following are some of the limitations of the essay:

• Time Constraint: The Limited time required for the completion of the work compete with the time I had to use in research and also prepare for lectures and group work.
• Financial Constraint: The cost of sourcing for the materials and the cost of transportation to where to get the appropriate materials needed for the completion of the essay
• Inadequate Information: I encountered problems in collecting date and information due to inadequate materis or book to get the needed information for the completion of the essay.