Authors :
Kennedy Odhiambo Odwaro; Dr. Frankline Odayo
Volume/Issue :
Volume 8 - 2023, Issue 9 - September
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://tinyurl.com/2j9ka8tw
DOI :
https://doi.org/10.5281/zenodo.8402867
Abstract :
Globally, employee retention has taken a center
stage in various organizations which value skilled labor,
knowledgeable and experienced staffs so as to remain
efficient. These organizations prioritize talent retention
strategies to enhance their efficiency in production.The employees attribute
turnover to low staff morale, job dissatisfaction and lack of
promotion, poor remuneration and poor working
conditions. The general objective for the study was to
determine the influence of competitive remuneration, on
organizational efficiency at Sugar Companies in Western
Kenya. The present study is anchored on Social Exchange
Theory, Expectancy Theory and Efficiency Theory. The
researcher has adopted a correlational research
methodology to provide empirical data that helps
addressing existing knowledge gap. Target population for
the research consisted of 728 employees drawn from the
three sugar companies. Stratified random technique was
employed to arrive at 364 respondents from the
population. Primary data was collected with the aid of
structured questionnaire. The reliability instrument was
determined by Cronbach Alpha method whereby results
from Cronbach Alpha above 0.7 were deduced as
acceptable degree thus confirming the internal validity
while validity was ascertained through expert review. The
primary data collected was analyzed using regression
analysis.This means that competitive
remuneration has a significant effect on organizational
efficiency. Further examination of the model coefficient
results shows that competitive remuneration has a positive
and significant effect on organizational efficiency (β=.540,
p<.05). Therefore improvement in employee remuneration
improves organizational efficiency by a magnitude of 0.540
units based on the scales used. It was concluded that
competitive remuneration has a significant influence on
organizational efficiency. It was recommended that the
sugar industry should improve employees’ remuneration.
The study may enable the management of the companies to
appreciate the significant roles played by employees to
improve a company’s efficiency thus creating the need to
retain and reward them. Human capital department will
use the findings of this study to influence their decision
making concerning employees. The study may contribute
to academia and research field by acting as literature for
other researchers who may advance their research in the
same field in continental Africa. The study findings will
also provide the employees of the sugar companies with an
insight of the need to improve on their efficiency and full
production capacity in their duty.
Keywords :
Competitive, Remuneration, Organizational Efficiency.
Globally, employee retention has taken a center
stage in various organizations which value skilled labor,
knowledgeable and experienced staffs so as to remain
efficient. These organizations prioritize talent retention
strategies to enhance their efficiency in production.The employees attribute
turnover to low staff morale, job dissatisfaction and lack of
promotion, poor remuneration and poor working
conditions. The general objective for the study was to
determine the influence of competitive remuneration, on
organizational efficiency at Sugar Companies in Western
Kenya. The present study is anchored on Social Exchange
Theory, Expectancy Theory and Efficiency Theory. The
researcher has adopted a correlational research
methodology to provide empirical data that helps
addressing existing knowledge gap. Target population for
the research consisted of 728 employees drawn from the
three sugar companies. Stratified random technique was
employed to arrive at 364 respondents from the
population. Primary data was collected with the aid of
structured questionnaire. The reliability instrument was
determined by Cronbach Alpha method whereby results
from Cronbach Alpha above 0.7 were deduced as
acceptable degree thus confirming the internal validity
while validity was ascertained through expert review. The
primary data collected was analyzed using regression
analysis.This means that competitive
remuneration has a significant effect on organizational
efficiency. Further examination of the model coefficient
results shows that competitive remuneration has a positive
and significant effect on organizational efficiency (β=.540,
p<.05). Therefore improvement in employee remuneration
improves organizational efficiency by a magnitude of 0.540
units based on the scales used. It was concluded that
competitive remuneration has a significant influence on
organizational efficiency. It was recommended that the
sugar industry should improve employees’ remuneration.
The study may enable the management of the companies to
appreciate the significant roles played by employees to
improve a company’s efficiency thus creating the need to
retain and reward them. Human capital department will
use the findings of this study to influence their decision
making concerning employees. The study may contribute
to academia and research field by acting as literature for
other researchers who may advance their research in the
same field in continental Africa. The study findings will
also provide the employees of the sugar companies with an
insight of the need to improve on their efficiency and full
production capacity in their duty.
Keywords :
Competitive, Remuneration, Organizational Efficiency.
