Saudi Journal of Humanities and Social Sciences (SJHSS)
Volume-3 | Issue-12 | 1452-1461
Original Research Article
Reward Structure Management; Enhancing Employees Commitment in the Banking Sector of Rivers State, Nigeria
Patrick N Nwinyokpugi, Athanasius Faith Felix
Published : Dec. 30, 2018
Abstract
This is a cross sectional survey study of reward structure management and
Employee Commitment of banking employees in Rivers State, Nigeria. The concern
of the study is focussed on employees loafing and banking sector crises that has
become an occurring decimal in Nigeria. A sampled population of 200 principal
officers of selected banks under study was determined using Taro Yamane sample
determination formula. Structured closed ended questionnaire was constructed to
extract testable responses. The data gathered were analyzed using Pearson Product
Moment Correlation coefficient statistics. The result of the analyses showed that there
is a significant relationship between Reward Structure Management and Employee
Commitment in Commercial Banks in Port Harcourt, Rivers State. It is concluded
that better Reward Structure Management is one best approach to ensuring Employees
Commitment in the banking sector. It is therefore recommended that for effectiveness
and sustainable banking operations, the banking system actors should design a good
Reward Structure Management that takes cognizance of team collaboration, goal
achievement, profit sharing and organisational citizenship. These attributes, the study
has shown portend greater employees‟ commitment that can give rise to
innovativeness and loyalty in the banking sector.