Abstract
The study evaluated the effectiveness of compensation techniques in reinforcing staff commitment of indigenous family-owned businesses (FOBs) in South- East, Nigeria. It intended to achieve the following specific objectives; To examine the relationship between promotion and staff dedication, to evaluate the relationship between recognition and staff participation and to investigate the relationship between career development and staff retention of indigenous family-owned businesses (FOBs) in South-East, Nigeria. Three research questions and three hypotheses were formulated in accordance with the objectives to guide the study. Data were collected mainly from the primary source, in addition to the secondary source. Descriptive survey Research Design was adopted for the study, while questionnaire was used as instrument. The study had a population size of 850 employees. Through Taro Yamane, a sample – size of 272 employees emerged, while 262 copies of the questionnaire were correctly filled and returned. The data obtained were analyzed, using Descriptive statistics. Pearson Product moment Correlation Analysis was used in testing the hypotheses at 5% level of significance. The study findings revealed that: there is a significant positive relationship between promotion and staff dedication of indigenous family-owned businesses (FOBs) in South-East, Nigeria (r=.896, p
Keywords
Compensation Technology, Commitment, Staff, Indigenous Family-Owned Business, South-East Nigeria FULL PDF C itations Ojide, C. G., Enudu, T. O. & Everest