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Scholars Journal of Economics, Business and Management | Volume-5 | Issue-06
Reward Strategy: An Intervention Prescription to Organizational Effectiveness in Nigerian Public Sector
Oshi, Joseph EO, Nwile, Godpower M, Ogah, J. Idagu
Published: June 30, 2018 | 153 152
DOI: 10.36347/sjebm.2018.v05i06.012
Pages: 526-533
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Abstract
This study seeks to pinpoint the influence of reward strategy on organizational effectiveness in Nigeria Public Service in Rivers State. Eighty-three (83) copies of the survey instrument were administered to administrative officials of ten government parastatals resulting to 86.7% response rate. This work adopted the census study technique, and espoused the Product Moment Correlation Coefficient, with the aid of SPSS. We recommended that in order to improve the perception of reward strategies government parastatals in Rivers State should adopt universally acceptable pay structure and unify same to enhance high quality of work by employees. Government parastatals in Rivers State should make prompt salary payment a watch word as this would ensure employees are committed to their work and increase output because reward are seen as having value. Government parastatals in Rivers State should introduce incentives and bonuses that would induce employees to increase their input which will ultimately increase output if the employees respond as intended. Government parastatals in Rivers State should sustain incentives and bonuses introduced for employees to better prepare them for the task ahead or use effective communication in making employees understand when incentives and bonuses are unavailable.