Tansian University Journal of Arts, Management & Social Sciences

Employees in Nigeria perceive poor monetary compensation in their roles which results to have several negative effects on job performance. This study x-rayed the directional and casual relationship between monetary Compensation on job performance in a business organization using First Bank PLC Ekwulobia as a study. This study adopted the descriptive survey design; structured questionnaires were administered on the entire staff (42) of First Bank PLC Ekwulobia. The study was anchored on the victor vroom’s expectancy theory. Data collected were presented on simple percentage table and hypotheses were tested using Pearson moment Correlation. The study finds out that monetary compensation has a significant effect on job performance at First Bank PLC Ekwulobia. Hence, there is a significant causal relationship between Financial incentives and job performance at First Bank PLC Ekwulobia, and overtime pay has a significant relationship with job performance at First Bank PLC Ekwulobia. Therefore, the study recommends that monetary compensation plans should be well defined at various levels of the organization and should be review periodically to keep the motivational levels of employees at desired heights.

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