THE IMPACT OF REMUNERATIONS AND WORKING CONDITIONS ON ORGANIZATIONS PRODUCTIVITY (A CASE STUDY OF LIFE BREWERY ONITSHA)
ABSTRACT
The impact of Remuneration and working conditions on organization’s productivity. The study is aimed at appraising the conditions of work as well as compensations to workers.
For the above purpose to be achieved, research has been carried out. Hypothesis were tested, data were sourced both primary and secondarily.
It was found out from the findings that, both good working conditions and bad working conditions have effects on the performance of workers.
From the foregoing, it was discovered that good working conditions, coupled with equitable compensation motivate the workers of the life brewery Onitsha effectively and efficiently, increasing productivity (performance). In same vein, the researcher found out, that, bad working conditions and effect on the performance of workers.
Based on the findings the researcher has concluded and suggested that the management of the life brewery should encourage the workers by creating a good working conditions/atmosphere for them.
Moreso, an equitable working condition should be given to the workers as a for the effort they expend in performing their tasks.
Finally, the researcher suggested that the life brewery Ltd Onitsha should embark on job evaluation and performance appraisal exercises to be able to ascertain the worth of jobs and capabilities of staff.
CHAPTER ONE
INTRODUCTION
Remuneration is an important instrument that can insert into the workers, the strong effect to bring out their best in order to attain organizational objective. Remuneration is concerned with the wage and salary administration for various jobs within particular organizations in other words remuneration is a form of compensation given to workers in exchange for work they performed. Compensation is grouped into direct and indirect.
Direct compensation is the financial payment made at the time work is performed examples of direct compensation are wages, salaries, overtime pay, commission and bonuses. Wages are usually distinguished from salaries and refer to direct compensation received by a worker paid according to hourly rates.
A worker paid on monthly, semi-monthly or weekly basics received a salary. Workers receiving a salary receive their pay according to the specific number of hours they work. Besides, wages and salaries, workers are also compensated for their efforts by certain benefits such benefits are paid during vacation days and holidays. Health care, insurance and pensions are forms of indirect compensation. Before remuneration can make an employee to work very well, it must have to be interns of the effort the job needs in other words a motivating remuneration is the one that is equitable to workers contribution towards the achievement of the organization’s objectives.
Therefore, a fair remuneration programme is one that responsive to this managerial and economic objective and ensures acquisition and maintenance of a regular adequate supply of labour for the worker not to feel cheated for a remuneration scheme to satisfy or favour the workers, it must embrace the following:-
1. Periodic review of organization’s wages/salary structure to be in tune with the changing nature of the environment.
2. control of differential rates of pay and evaluation of individual and group performance for equitable compensation, through such schemes as incentive payments, merits rating group bonus, overtime payment e.t.c.
just as better working conditions and equitable remunerations make workers to be effective and efficient in the same manner, poor working conditions and inequitable remunerations make workers to be ineffective and inefficient as a result of the uncared attitudes they might put up.
1.1 BACKGROUND OF STUDY
The term “working condition” is very wide. It is wide in the sense that it involves diverse aspects of administration and management, such aspects as office environment, office communication, and motivation e.t.c.
