Financial Compensation and Employee Performance of Bayelsa State Civil Service

Abstract

This study examines the extent to which financial compensation management can be used as a tool for improving organizational performance in Bayelsa State Civil Service. To achieve the objective of this paper, primary and secondary sources of data were used. The primary data was collected from a well structured questionnaire tested for validity and reliability. The study used a sample size of four hundred and fifty (450) persons drawn from selected MDAs in Bayelsa State Civil Service. Pearson’s Product Moment Correlation was used for data analysis and Z – test was also used to test the significance of the coefficient of correlation at 10% level of significance. The findings reveal that financial compensation received by Bayelsa State Civil Servants do have significant impact on their performance, the financial compensation received are commensurate with their efforts and the reform programmes of the government do have significant effect on the financial compensation policies and practices. Based on the findings, the study recommended that for the Bayelsa State Civil Service Commission to improve performance of employees, they should offer financial compensation that will be specifically designed to link performance.  

Keywords: Compensation, Financial, Employee, Performance, Bayelsa State