The evaluates the impact of remuneration on individual attitude and performance in organization. The objective of the essay is to identify how remuneration affect employees performance as well as to find out the various methods of remuneration and also to identify the challenges of wages and salaries administration in organization. To this end, attempts were made to review literature on the meaning of remuneration, the impact of remuneration on employees performance, methods of remuneration, objectives of remuneration as well as challenges confronting organization in salaries and wages administration. The researcher recommended that organizations should adhere strictly to the government regulation on salaries and wages as stipulated in the labour Act.
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
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