Non-monetary Compensation and Employees’ Performance in the Transmission Company of Nigeria, Abuja

Abstract

The aim of this study is to examine the effect of non-monetary compensation on employees performance in the transmission company of Nigeria. Man is generally perceived as an economic man, as his economic well being is what fuels his desire to give his best for the growth and sustainability of his organisation. Over the years employees have persistently clamoured for better remuneration, thereby leading to agitation between employee union and management. This article identified employee recognition, promotion, praise and office environment as constructs for measuring non-monetary compensation in this study. Through the use of a structured questionnaire, data was collected from a sample size of 214 respondents. Data was analysed using regression analysis via the statistical package of social sciences (SPSS). Findings from the study showed that Praise (PR) = .78-0.63, Promotion (PRT) = .78-0.9, Employee Recognition (ER) =.78-0.24 and Office Environment (OE) = .78-0.14 all have a significant effect on employees performance in the transmission company of Nigeria. The study recommends other non-monetary compensation packages like shopping vouchers, praise dinners and trophies in order to boost productivity in the organisation.