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COMPENSATION SYSTEM IN NIGERIAN CONSTRUCTION INDUSTRY (A STUDY OF ARAB CONTRACTORS NIGERIA LIMITED ENUGU STATE

ABSTRACT

 This research work assessed Compensation System in the Nigerian Construction Industry with specific reference to Arab Contractors Nigeria Limited in Enugu State. The research work tried to examine the compensation system applied on the Nigerian Construction Industry and to formulate remedies as to how to enhance its effectiveness and efficiency in its administration. To achieve the above research objective, three research hypotheses have been advanced to include that equitable compensation does not result in high productivity and achievement of organizational goal; organization that are practicing total compensation for their employees are not likely to succeed and that construction companies having 50% - 60% of their workforce does not need to engage in total compensation for their workers. The study uses the survey research method. The population of the study constitutes the staff of Arab Contractors. The sample for the study was selected by using simple random sampling procedure. The findings of the study include the followings; that equitable compensation result in high productivity and achievement of organizational goal; that organization that are practicing total compensation for their employees are likely to succeed and that construction companies having 50 – 60% of their workers need to engage in total compensation for their workers. Based on the above findings, the following conclusions and recommendations are hereby made. It was concluded that any organization that fails to recognize the essence of adequate compensation and its impact on both employees and employers is doing a lot of disservice to itself. For a business to progress, all the stakeholders in the business must be happy in order to contribute their respective quotas. It was recommended that construction firms should encourage indirect compensation system. This is a long-term plan, which benefits both the employees and the employers. Organization that implement this in other parts of the world gain in the long run and our country should not be an exception.

Project detailsContents
 
Number of Pages114 pages
Chapter one Introduction
Chapter two Literature review
Chapter three  methodology
Chapter  four  Data analysis
Chapter  five Summary,discussion & recommendations
ReferenceReference
QuestionnaireQuestionnaire
AppendixAppendix
Chapter summary1 to 5 chapters
Available documentPDF and MS-word format


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