APPRAISAL OF REWARD PACKAGES IN QUANTITY SURVEYING FIRMS IN LAGOS STATE, NIGERIA

Abstract

This study appraised the reward packages used in Quantity Surveying firms in Lagos State, Nigeria with a view to determining its effect of firms’ reward packages and policies on the performance of the Quantity Surveyors. Primary data were collected from 124 Quantity Surveyors working in Quantity Surveying firms through the administration of structured questionnaire and interview using a census method. For the analysis, mean item score was used for ranking of awareness of reward packages, and criteria used in the determination of reward. Kruskal-Wallis test was employed to test the significance difference of means of different groups of respondents while Mean gap analysis and Mann-Whitney U-test were used in examining the relationship between reward and performance. The study revealed that salary or wage was the most used reward in the surveyed Quantity Surveying firms and the most important reward to the employees. The result also showed that though both financial and non-financial reward packages had effect on performance but financial reward packages had more effect on the performance of Quantity Surveyors. Therefore, there is a need to pay adequate attention to the use of financial reward and also to non-financial reward like training, share ownership and promotion also to be made available to all employees irrespective of their competencies as these help in improving ability of such employees, this in turn increase their performance and productivity and make such employee to have closer affinity to the organisation.