COMPENSATION POLICIES AND WORKFORCE AGILITY OF MULTI-NATIONAL FIRMS IN SOUTH-SOUTH STATES OF NIGERIA

Abstract

This study ascertain the relationship between compensation policies and workforce agility using multi-national firms in south-south region of Nigeria. The study applied across sectional research survey. The population was seventeen (17) multi-national firms. However, the respondents were 1275 randomly selected employees from five active departments in each of the firms. After sampling using Taro Yamane’s formula, the sample size became 305. Questionnaire as the key instrument for data collection was distributed to the 305 respondents, 298 copies were properly retrieved and useful for analyses since 7 copies were not retrieve. Questionnaire was the major instrument for data collection. Cronbach Alpha values was applied to test the reliability of the instrument while the instrument was validated by the study supervisor as well as expert in the same field. The data were analyzed with descriptive and inferential statistics, while the bivariate variables were tested with the use of Pearson Product Moment Correlation, multivariate variables were tested by partial correlation statistical tool. All analyses were done with the aid of SPSS. The study find that, there is a significant correlation between compensation policies, adaptability, responsiveness and cooperation using multinational firms in the south-south region of Nigeria as the study setting. Organizational policies mediate the association between the various dimensions and various measures using multinational firms in the south-south region of Nigeria as the study setting. It was then recommended that, Organizations should on a consistent basis, assess their dispositions and the applicability of their pay structure within their various contexts.