COMPENSATION STRATEGIES AND COMPETITIVENESS OF PRIVATE SECONDARY SCHOOLS IN RIVERS STATE


Kormane Fun-Akpo Pere, B. Chima Onuoha
management, University of Port Harcourt Business school
Abstract
This study empirically examines the extent to which compensation strategies affect competitiveness of privates schools in Port Harcourt. Monetary and non-monetary compensations were adopted as dimensions of compensation strategies. The research design adopted was the cross-sectional research design which is an aspect of the quasi-experimental research design. 5 private secondary schools in Port Harcourt were purposively selected by the researcher. 20 copies of research instruments were distributed to the teachers within these schools. Structural equation modeling was used in testing the null hypotheses and analyzing the model fitness of our variables. Our findings reveal that there is a significant relationship between compensation strategies and competitiveness. The study further reveals that non-monetary compensation has more effect than monetary compensation. The study recommends that Management of private secondary schools should ensure that they remuneration scale fits into the conditions of what employees give out and other bonuses should be provided to employees based on their performance secondly, firms should ensure that their performance is measured with industry standards and appropriate control measures should be applies where necessary
Keywords: Compensation, strategy, monetary, non-monetary, banks
Journal Name :
EPRA International Journal of Climate and Resource Economic Review (CRER)

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Published on : 2021-10-15

Vol : 9
Issue : 7
Month : October
Year : 2021
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