Employee Reward System and Employee Productivity in Nile University of Nigeria, Abuja (Published)
Over the years, one of the leading problems in organizations has been implementing effective human capital strategies to enhance their productivity. As such, Nile University of Nigeria need to take care of their assets and when it comes to employees then taking care means satisfying them by fulfilling their wants, both financial and non-financial. To this end, employees in the different department (non-academic staff) in the institution are becoming increasingly aware that reward systems are not adequately applied and this has led to low employee productivity. Hence, the study examines the effect of employee reward system on employee productivity at Nile University of Nigeria, Abuja. The study adopted a descriptive survey research design and the population comprised all 531 non-academic staff in Nile University and a sample size of 228 was derived after employing the Taro Yamane formula. Primary data was used to collect information from the respondents by using a structured questionnaire. Also, the Cronbach’s alpha and the Statistical Package for Social Sciences (SPSS) version 20.00 was employed in this work to regressed the data gotten from the respondents and it showed that there was a positive and significant result after the findings on effect of employee reward system (fringe benefits, recognition and bonus) on employee productivity (efficiency) of Nile University of Nigeria, Abuja. Employee reward system (fringe benefit, (FRB = .03+0.15), recognition, (REC = .03+1.41) and bonus (BON = .03+1.35) was found to be positively related to employee productivity. Based on this finding, the study recommends that management of Nile University of Nigeria, Abuja should ensure that there are regular recognitions, and bonuses as at when due in order to further encourage non-academic staff to put in their very bests to their jobs which will in turn reflect positively always on employee productivity in the institution. Also, management of Nile University of Nigeria, Abuja should enforce effective fringe benefits reward plans to reward performance, loyalty, experience, responsibility, and other behaviors of the non-academic staff of the institution.
Keywords: Employee Productivity, employee reward system, financial reward system, non- financial reward system