Employees’ Remuneration and Performance in Nigerian Breweries PLC

  • Ogunyemi Joseph Kayode Department of Banking and Finance, Faculty of Social and Management Sciences, Adekunle Ajasin University, P.M.B 001, Akungba Akoko, Ondo State, Nigeria
  • Adewole Joseph Adeyinka Ph.D, Department of Banking and Finance, Faculty of Social and Management Sciences, Adekunle Ajasin University, P.M.B 001, Akungba Akoko, Ondo State, Nigeria
  • Akinde John Abiodun Department of Banking and Finance, Faculty of Social and Management Sciences, Adekunle Ajasin University, P.M.B 001, Akungba Akoko, Ondo State, Nigeria
Keywords: Employees’ Remuneration, Performance in Nigerian Breweries, PLC.


This Study Aimed At Assessing The Effects Employees’ Remunerations On Productivity In The In Nigerian Breweries Plc. This Study Was Guided by three research objectives namely; to identify and discuss various forms of remuneration package in use, to examine the effects of remuneration packages on employees performance and to establish the relationship between improved remuneration and productivity in the Nigeria breweries. The study used descriptive research design. The population of this study consists of all staff working at the Nigerian Breweries PLC Ibadan. Sample of one hundred and twenty respondents were selected. A structured questionnaire was used to collect data from the respondents. The descriptive statistics employed include; frequencies and percentage and the relationship between independent and dependent variables were established using Pearson Product Moment Correlation coefficient with the use of (SPSS). The findings were presented using tables and figures. From the findings in the Hypothesis, the r= 0.509** was obtained. This is significant as the p-value greater than 0.05. This shows that there was a significant relationship between remuneration packages’ and employee performance. The findings also revealed that quick payment of remuneration has great influence on employees’ productivity. The study concluded that remuneration package such as overtime, constant remuneration payment, promotes morale and increase team cohesion. From this finding, it was recommended that, organization should continue providing security benefits to all employees, as it will positively influence employee productivity and raise overall performance in the all sectors. The study also recommends that the organization should continue providing health protection benefits to its employees since it will help them create a sense of loyalty and encourage their productivity in the economic sector. Organizations, especially Breweries PLC should review the current retirement package since a good retirement package will attract and retain employees in the organization and also improve their productivity.


Abbasi, S. & Hollman, K. (2000). Turnover: The Real Bottom-line. Public Personnel Management, 29(3), 333-342.

Abdulkadir M. D, Mohamed M. J, Ali Yassin S. A ( 2015) Employee motivation and organizational performance: empirical evidence from secondary schools in Mogadishu-Somalia Afro Asian Journal of Social Sciences 8 (2), pp1-16

Agba, A. M. O, Mboto, W. A. and Agba, M. S. (2013) Wages or Other Conditions: A Critical Assessment of Factors in Workers Performance in Nigeria International Journal of Academic Research in Business and Social Sciences, 3(7) pp489-505.

Agburu, J.I (2012). Recent Trends in Wage and Salary Administration in Nigeria: A Synopsis on Theoretical and Empirical Challenges. International Journal of Basic And Applied Science; 1(2), 257-268

Allis, Ryan P. (2008). Zero to One Million (1st edn): McGraw-Hills.

Andrews, Sudhir (2009). Human Resource Management: A Textbook for Hospitality Industry. Tata McGraw Hill.

Armstrong, M. & Brown, D. (2001). New Dimensions in Pay Management, Chartered Institute of Personnel and Development.

Atkinson William, (2000). Is Worker‟s Comp Changing? HR Magazine. July, 50-61.

Auer, P., and Fortuny, M. (2000). Aging of the Labour Force in OECD Countries: Economic and Social Consequences. Employment Paper 2000/2. International Labour Office.

Baase, C.M.D., (2009). Testimony before the Senate Committee on Health, Education, Labor and Pensions 23.

Baker D (2012), „Why has the British. National Minimum Wage had little or no Impact on Employment?‟ Journal of Industrial Relations, 50, 489-512.

Bardot, S. (2014). What is the difference between a bonus and an incentive? Retrieved on 25th August, 2017 http://compensationinsider.com/what-is-the-difference-between-a-bonusand-an-incentive.

Berger G, (2009), Labour Economics, Fifth International Edition, McGraw Hill.

Bernardin, H. J. (2007). Human Resource Management. An Experiential Approach. Tata McGraw Hill.

Bernardin, H. J. (2007). Human Resource Management. An Experiential Approach. Tata McGraw Hill.

Bernthal, Paul R. and Wellins, Richard S. (2001). Retaining Talent: A Benchmarking Study (Pittsburgh, PA: Development Dimensions International).

Borsch-Supan, Axel., (2003). Labor Market Effects of Population Aging. Review of Labour Economics and Industrial Relations, 17, 5–44.

Brady, M. (2000). Employee Work Engagement: Best Practices For Employers. Research Works: Partnership for Workplace Mental Health, 1, 1-11.

Bratton, John and Gold, Jeff, (2009). Human Resource Management Theory and Practice (4th ed). Palgrave Macmillan. New York.

Christoph, N., & Meyer, J. (1996). The measurement of antecedents of affective, Continuance and normative commitment to the organization. Journal of Occupational Psychology. 63, 1-18.

Code of Regulations for Civil Servant Revised (2006)

Cole, G. A (2002). Personnel & Human Resource Management (5th ed). Letts Educational: London.

Collins J.J., Baase C., Sharda C.,(2005). The assessment of chronic health conditions on work performance, absence, and total economic impact for employers. J Occup Environ Med. 2(1) 28-36

Deci, E. L. (1985). Effects of externally mediated rewards on intrinsic motivation. Journal of Personality and Social Psychology, 18, 105–115.

Dunn, Mercer, Carpenter & Wyman, (2010), „Employment and productivity: Is there a trade-off and does it matter?‟ European Employment Observatory, Thematic expert ad-hoc paper, mimeo, IES.

Feinsod, R. and Davenport, T. (2006). The Aging Workforce: Challenge or Opportunity? World at Work.

Gostick, A., (2000). “They Do Recognition Right”, Workspan. October, 34-36.

Harris, J. (2000). Finding and Keeping Great Employees: Training.

Heathfield,S.M.(2016).Bonus Pay. Retrieved from https://www.thebalance.com/what-is-bonus-pay-1918069

Hong, J. C., Yang, S. D., Wang, L. J., Chiou, E. F., Sun, F. Y., & Huang, T. L. (1995). Impact of employee benefits on work motivation and productivity. The International Journal of Career Management. 7(6), 10-14.

International Labour Organization (2005). Number of Work Related Accidents and Illnesses Continues to Increase, ILO and WHO join in call for Prevention Strategies Press Release.

Investopedia (2016). What is a Bonus. Retrieved on 24th August, 2017 from http://www.investopedia.com/terms/b/bonus.asp#ixzz4IGiz5Fuc

Ippolito, Richard A. (1997). Pension Plans and Employee Performance. Chicago, IL: University of Chicago Press.

Jones, G.R. & George, J. M., (2006). Contemporary Management, (4th ed). McGraw-Hill. Kogan Page: London.

Kanzunnudin, M. (2007), Effect of wages and supervision of employee productivity: A case Study on PT Tonga Tiur Son Zenith District Kragan. Fokus Ekonomi, 2(1), 11-20.

Lake, S. (2000). Low Cost Strategies for Employee Retention: Compensation and Benefits Review. 32(4), 65-72.

Lake, S. (2000). Low Cost Strategies for Employee Retention: Compensation and Benefits Review. 32(4), 65-72.

Loeppke R, Taitel M, Haufle V, Parry T, Kessler R, & Jinnett K. (2009). Health and Productivity as a business strategy: a multi-employer study. J Occup Environ Med. 2009;51:411–428.

Markham, Dow, & McKee, (2002) „Disentangling the Wage-Productivity Relationship: Evidence from Select OECD Member Countries‟, International Advances in Economic Research, 8, 314 23

Mathis, Robert L., and John H. Jackson. (2003). Human Resource Management. (11th ed). Mason, OH: Thomson/South-Western.

Mathis, Robert L., and John H. Jackson. (2003). Human Resource Management. (11th ed). Mason, OH: Thomson/South-Western.

McNamara C., (2003). Field Guide to Leadership and Supervision for Nonprofit Staff. (2nd ed.). Amazon.

Milkovitch, G. and Newman, J. (2004). Compensation (8th edn). New York: McGraw-Hill.

Millea, N. (2002). Simplified Method of Measuring Productivity Identifies Opportunities for Increasing It. Industrial Engineering

Millea, N. (2006). Improving Productivity and Effectiveness. Prentice-Hall, Inc.

Mishra, S. & Bhagat M. (2007). Principles for successful implementation of labour welfare activities. From police theory to functional theory.

Neil, Charness, (2000). “Can Acquired Knowledge Compensate for Age-Related Declines in Cognitive Efficiency?” Psychology and the Aging Revolution: How We Adapt to Longer Life. Washington, D.C.: American Psychological Association.

Oloke, O.C., Abiodun S. Oni A.S., Babalola,D.O., Ojelabi R.A (2017) Incentive Package, Employee’s Productivity and Performance of Real Estate Firms in Nigeria. European Scientific Journal 13(11)1857 – 7881

Perrin, Towers, (2005). “The Business Case for Workers Age 50+: Planning for Tomorrow’s Talent Needs in Today’s Competitive Environment.” A report for AARP.

Pikiell, John, (2000). An RX for Detection and Prevention of Worker‟s Comp Fraud. Employee Benefits News, November 1, 34. 72

Redmond,R E (2010) A factor analytic study of job satisfaction items designed to measure Maslow need categories. Personnel Psychology, 24, 205-220.

Romanoff, K. (2008). What is the difference between a bonus and an Incentive? Retrieved on 25th August, 2017 from http://theperfectpayplan.typepad.com/the_salary_sage/2008/07/what-is-the-dif.html

Sajuyigbe, A. S., Olaoye Bosede .O and Adeyemi M.A (2013) Impact of Reward on Employees Performance in a Selected Manufacturing Companies in Ibadan, Oyo State, Nigeria International Journal of Arts and Commerce. 2(2) pp27-32.

Scarth, W. (2002). Population Ageing, Productivity and Living Standards. In The Review of Economic Performance and Social Progress: Towards a Social Understanding of Productivity. A. Sharpe, F. St-Hilaire, and K. Banting, eds (pp. 145–156).

Shellengarger, Sue (2001). Work and Family, The Wall Street Journal, August 22, B1.

Surbhi, S. (2015). Differences between Salaries and Wages. Retrieved on 24th August, 2016 from .http://keydifferences.com/difference-between-salary-andwages.html#ixzz4IG1CT6Vu

Torrington, Derek. Hall, Laura. Taylor, Stephen & Atkinson Carol (2009), Fundamentals of Human Resource Management, (1st ed). Pearson Education Limited.

Tyson S. (1999), "Human Resource Strategy: a process for Managing the contribution of HRM to organizational performance", in Schuler, R.S., Jackson, S.E. (ed), Strategic human resource management, pp.110-123.

Whittington, J L and Evans, B (2005) General issues in management: the enduring impact of great ideas. Problems and Perspectives in Management, 2, 114-1

Willing, Richard. (2000), Court Approves Forced Comp Time, USA Today, May 2, IB. 73.

Woodward, N., (2000), Benefiting from Adoption, HR Magazine, December, 119.

Wright D.W, Beard M.J, & Edington D.W. (2002). Association of health risks with the cost of time away from work. J Occup Environ Med.; 44:1126–1134.

How to Cite
Kayode, O. J., Adeyinka, A. J., & Abiodun, A. J. (2019). Employees’ Remuneration and Performance in Nigerian Breweries PLC. International Journal of Business and Management Future, 3(1), 1-18. https://doi.org/10.46281/ijbmf.v3i1.263
Original Articles/Review Articles/Case Reports/Short Communications