Al-Hikmah University Central Journal
INFLUENCE OF SALARIES AND WAGESCONSEQUENTIAL ADJUSTMENT ON BUSINESS EDUCATORS’PRODUCTIVITY IN FORMAL ORGANIZATIONS
Abstract
This study investigated the influence of consequential wage adjustment on business educators’ productivity and efficiency in formal organizations. It made use of survey design because of the large sample population involved. The instrument used for data collection is a questionnaire of 15 structured items adopting a four likert rating scale. The sample population for the study was 300 business educators who were randomly selected from the three senatorial districts of Ogun State. The research questions were answered through descriptive statistics of frequency count, and mean. The study discovered that business educators will perform optimally if they are happy with theirconsequential adjusted earnings and that neglect of business educators’ consequential wage adjustment will have some negative impacts on their productivity and successful attainment of organizational goal for overall national development. The study concluded thatall hands must be on deck to ensure that consequential wage adjustment is handled with all seriousness by all stakeholders so that organizational goal attainment that will translate to national development can be jointly achieved.The study among others recommended that Government should ensure that consequential wage adjustment policies are strictly adhered to by all employers of labour so that labour crisis can always be checkmated in formal organizations.