Abstract: The competitive nature and the changing dynamics of Nigeria banking environment has thrown a lot of challenges which only the strongest among the deposit money banks could survive. Organisations are increasingly laying more emphasis on motivating executive staff employees since their actions or inactions have serious performance implications for the survival of these institutions. This study intends to shed more light on the importance of executive staff benefits and their impact on organisational performance. The success and survival of any organisation is largely determined by the way their executive staff are remunerated. The Marginal Productivity theory was used to underpinned executive staff benefits and a conceptual model was developed to show the effect of independent sub-variables of executive staff benefits on overall performance of the organisation. The comparison of empirical literatures show that executive benefits could be used to create and sustain organisational performance because the more competitive and attractive these benefits, the more likely it will motivate these executive staff to increase their productivity. The study recommends that there is the need for organisations, especially deposit money banks to institute and maintain excellent executive employee benefits programmes that motivates them since it will help create a sense of loyalty and hard work which encourages higher individual and organisational productivity. The study concluded that organisations should constantly review their executive staff benefits and remunerations in line with the changing environment to sustain their motivation and productivity at work place.
Keywords: Executive benefits, Organisational performance, Nigerian banks, Incentive programmes, Operating environment.
Title: Impact of Executive Staff Benefits on Organisational Performance of Deposit Money Banks in Nigeria: A Conceptual and Theoretical Analysis
Author: Aliu, Fatai Oguntade, Raymond Osi Alenoghena, Osanebi, Chimsunum, Ayoola, Olorunfemi Joseph
International Journal of Interdisciplinary Research and Innovations
ISSN 2348-1218 (print), ISSN 2348-1226 (online)
Vol. 12, Issue 4, October 2024 - December 2024
Page No: 1-11
Research Publish Journals
Website: www.researchpublish.com
Published Date: 08-October-2024
