Oke, A E; Ibironke, O T and Bayegun, O A (2017) Appraisal of reward packages in construction firms: A case of quantity surveying firms in Nigeria. Journal of Engineering, Design and Technology, 15(6), pp. 722-737.
Abstract
Purpose A major requirement and practice in human resource management of an organisation is the award of appropriate reward packages to employees. This paper aims to examine the importance attached to reward packages by personnel of quantity surveying firms (QSFs) and the level of adoption of the packages with a view to develop important ones that can enhance quality of performance and reliability of the employees. Design/methodology/approach Questionnaires were administered on registered quantity surveyors employed in QSFs in the study area, which was Lagos State, Nigeria. Mean item score and chi-square were used to examine the significance of importance attached to available reward packages by employees, whereas factor analysis was used to highlight and group identified available reward packages. Findings Basic pay, that is salary and wages, is the most important and mostly used reward package, whereas the least are service recognition and profit sharing. Most of the reward packages were found to be important to the development of QSFs, and the variables were extracted and grouped into eight components. Originality/value As much as basic pay is a global and traditional reward system, managers and directors of QSFs should ensure that personnel with long-term commitment to the mission and vision of the company are duly recognised and rewarded accordingly. More so, profit from the proceed and benefits of the company should be shared in an appropriate manner, especially if employees are involved in securing jobs from clients.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | motivation; personnel; quantity surveying; human resources management; incentive; reward system |
| Index terms: | package, Nigeria, Lagos State, reward system, factor analysis, quantity surveying firm, manager, wages, personnel, surveying, commitment, human resource management, construction firm, motivation, profit, methodology, human resource, questionnaire, appraisal, registered quantity surveyor |
| Subjects: | contractual arrangements, economic analysis, health monitoring assessment and metrics, psychology, practitioner, profession, data collection methods, organization, statistical analysis, business economics, Geography, factor and component analysis, management, research methods |
| Topics: | Human Resources, Organizational Design, Business Strategy, Health and Safety, Geographical Context, Research Practice, Roles and Professions, Procurement |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here