Authors :
OBIAGA, JOHNSON CHINEDU
Volume/Issue :
Volume 6 - 2021, Issue 7 - July
Google Scholar :
http://bitly.ws/9nMw
Scribd :
https://bit.ly/3x7vbgs
Abstract :
The study examines reward system and
employee performance in the oil and gas industry in
Rivers State. The objectives include: to examine the
influence of bonuses on employee productivity; to
analyze the relationship between compensation and
employee productivity; and to determine the influence of
promotion on employee productivity in oil and gas
industry in Rivers State. The questionnaire was adopted
as the research instrument to elicit the needed data from
243 respondents. The descriptive statistics and Pearson’s
correlation analysis were employed to carry out the data
analysis. The results indicate that there is a significant
relationship between bonuses and productivity,
compensation and productivity, promotion and
productivity in the oil and gas industry in Rivers State.
Based on the findings, the study recommends that
reward framework of oil and gas firms should be
planned with the end goal that employees are qualified
for some percentage of profit earned by the firm as a
method for improving productivity amongst workers,
improving dependability and guaranteeing worker
devotedness to performing allotted task. As a method
for guaranteeing cohesiveness among employees,
hardworking employees that meet targets should be
promoted promptly to increase employee productivity.
Employees in oil and gas firms should not be paid fix pay
rates as it could bring about a high pace of lateness and
hesitance of worker within a group to put in more than
average performance. It should be a basic salary plus
additional bonuses and compensations. This would
enhance innovativeness and the craving to acquire new
knowledge among worker.
Keywords :
Reward System, Employee Performance, Bonuses, Compensation, Promotion
The study examines reward system and
employee performance in the oil and gas industry in
Rivers State. The objectives include: to examine the
influence of bonuses on employee productivity; to
analyze the relationship between compensation and
employee productivity; and to determine the influence of
promotion on employee productivity in oil and gas
industry in Rivers State. The questionnaire was adopted
as the research instrument to elicit the needed data from
243 respondents. The descriptive statistics and Pearson’s
correlation analysis were employed to carry out the data
analysis. The results indicate that there is a significant
relationship between bonuses and productivity,
compensation and productivity, promotion and
productivity in the oil and gas industry in Rivers State.
Based on the findings, the study recommends that
reward framework of oil and gas firms should be
planned with the end goal that employees are qualified
for some percentage of profit earned by the firm as a
method for improving productivity amongst workers,
improving dependability and guaranteeing worker
devotedness to performing allotted task. As a method
for guaranteeing cohesiveness among employees,
hardworking employees that meet targets should be
promoted promptly to increase employee productivity.
Employees in oil and gas firms should not be paid fix pay
rates as it could bring about a high pace of lateness and
hesitance of worker within a group to put in more than
average performance. It should be a basic salary plus
additional bonuses and compensations. This would
enhance innovativeness and the craving to acquire new
knowledge among worker.
Keywords :
Reward System, Employee Performance, Bonuses, Compensation, Promotion
