文章基本信息

标题：An Exploratory Study of Compensation Mix in Pay Administration System: The Ghanaian Situation
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作者：Rita Sarkodie Baffoe ; Kofi Amponsah Bediako
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2021
卷号：11
期号：12
页码：2247-2258
DOI：10.6007/IJARBSS/v11-i12/10907
语种：English
出版社：Human Resource Management Academic Research Society
摘要：Compensation research has focused on the various forms of pay (financial and non-financial) and structure (relationship between various incentive levels) and whether these incentives contribute to inspiring workers to offer their best results. There has been less focus on incentive balance choices, i.e. the comparative amounts that make up the complete reward of each factor. Compensation is a key issue in pay administration and in attracting, retaining and motivating the workforce of every organization. Most Organizations adopt the most equitable within and efficient externally, pay structures to obtain maximum performance from their workers. Less emphasis has been placed on compensation mix decisions by policy makers either because they find the concept to be foreign to the Ghanaian situation or lack the understanding of how to incorporate it in their compensation policy. Therefore, this paper discusses current literature on the notion of compensation mix and it relevance, applicability and adoption to the Ghanaian situation and seeks to determine whether its applicability will lead to addressing some of the employee perceptions on compensation. The researchers’ further outlines strategies it believes could support better employee engagement of workers in Ghana through the adoption of the right compensation mix as a human resource tool in setting pay levels and pay structures and influencing compensation policy.