TABLE OF CONTENTS
DECLARATION ............................................................................................................................... i
APPROVAL ..................................................................................................................................... ii
TABLE OF CONTENTS ................................................................................................................. v
ABSTRACT: ................................................................................................................................... ix
CHAPTER ONE
1.0 Introduction ............................................................................................................................ ]
1.1 Background of the study: ..................................................................................................... 1
1.2 Back ground of the case study Kenya Commercial Bank Sudan ................................. 1
1.3 Problem Statement: ............................................................................................................... 2
1.4 General Objective: .................................................................................................................. 3
1.5 Specific Objectives: ................................................................................................................ 3
1.6 Research Question: .............................................................................................................. .4
1. 7 Hypothesis: ............................................................................................................................ .4
1.8 Significance of the study: .................................................................................................... .4
1.9 Scope of the Study: ................................................................................................................ 5
1.10 The Conceptual Frame work: ............................................................................................ 5
CHAPTER TWO
LITERATURE REVIEW ............................................................................................................... 13
2.0 Introduction: ......................................................................................................................... 13
2.1 Remuneration ....................................................................................................................... 13
2.1.1 Definition: .......................................................................................................................... 13
2.1.2 Terminology and Concept: .............................................................................................. 14
V
2.1.3 Characteristics of remuneration system: ..................................................................... 16
2.1.4 Importance of fair Compensation to Organizations: ................. , ................................ 17
2.1.5 Factors influencing Remuneration ................................................................................ 18
2.2 Skill based pay: .................................................................................................................... 18
2.3 Job- based pay: .................................................................................................................... 18
2. 4 Host based pay: .................................................................................................................... 19
2.5 Home- Based pay: ................................................................................................................ 19
2.6 Economic theories explaining pay levels: (Other studies) ............................................ 20
2. 7 Other types of Pay: .............................................................................................................. 20
CHAPTER THREE
METHODOLOGY ......................................................................................................................... 22
3.0 Introduction .......................................................................................................................... 22
3.1 Research design: .................................................................................................................. 22
3.2 The study Population: ......................................................................................................... 22
3.3 Sampling design and size ................................................................................................... 23
3.3.1 Sampling Techniques ...................................................................................................... 23
3.3.2 Sample size ........................................................................................................................ 23
3.4 Data Source .......................................................................................................................... 24
3.5 Data Collection methods and instruments ..................................................................... 24
3.5.1 Data collection .................................................................................................................. 24
3.5.2 Instruments ....................................................................................................................... 24
3.5.2.1 Questionnaire ................................................................................................................ 24
3.5.2.2 Interviews ...................................................................................... : ................................ 24
3.5.2.3 Focus Group discussions: ........................................................................................... 25
vi
3.5.2.4 Document Analysis ....................................................................................................... 25
3.5.3 Research Procedure ......................................................................................................... 25
3.6 Validity and reliability of the research instruments: .................................................... 25
3. 7 Data Analysis ........................................................................................................................ 26
3.8 Assumptions and Limitations ............................................................................................ 26
3.9 Ethical considerations ........................................................................................................ 27
CHAPTER FOUR
PRESENTATION, ANALYSIS AND FINDINGS ........................................................................ 28
4.0 Introductions ........................................................................................................................ 28
4.1 Profile of respondents distribution ................................................................................... 28
4.1.1 Respondents by age, gender, nationality and department ....................................... 28
4.2 Skilled - based pay .............................................................................................................. 32
4.3 Job -based pay ..................................................................................................................... 33
4.4 Home based pay ................................................................................................................... 35
4.5. Kenya Commercial Bank (KCB) employees get the following benefits the following
··············· .. ········································ .............................................................................................. 36
4. 6 Host- based pay ................................................................................................................... 37
CHAPTER FIVE
SUMMARY OF FINDING CONCLUSION AND RECOMMANDATION: ................................ 38
5.0 Introduction .......................................................................................................................... 38
5.1 Summary of finding: ............................................................................................................ 38
5.1.1 Skilled based pay ............................................................................................................. 38
5.2 Job based pay: ..................................................................................................................... 39
vii
5.3 Home based pay: .................................................................................................................. 39
5.4 Host based pay: ................................................................................................................... .40
5.5 Conclusion ........................................................................................................................... .41
5.6 Recommendation: ............................................................................................................... .42
REFERENCES ............................................................................................................................ .43
APPENDIX A: QUESTIONNAIRE ............................................................................................. .45
APPENDIX B: TIME FRAME OF STUDY ................................................................................. 50
Budget for the study: ................................................................................................................. 50
ABSTRACT: Remuneration play a very important role, as to why most individuals seek employment, however it has been discovered that no single policy is available for allocating it for employees as such managers are faced with a abroad challenges of designing a remuneration policy that is widely accepted by all employees which will enable the organizations achieve its strategic objectives with its unique macro environment, because lack of a good policy negatively affect employees economical, sociological and psychological welfare, therefore as such the core aim of this research was to find out the contribution remuneration gives towards employees performance in organizations. This study reviled that employees need to be motivated well through a good remuneration policy that requires justice in distribution of resources basing on individual skills because this will encourage employees be hardworking persons, building careers for further opportunities. If an individual achieves his personal objectives, this indirectly contributes towards the overall organization objectives. Therefore study discovers that salaries should be based on factors as skills, seniority, and experience to demonstrate fairness in organizations. This research was analyzed using Microsoft excel, Microsoft word, through table, graphs, frequencies distribution and pie charts this methodology enable the research have detail knowledge regarding the variables in the study.
