Abstract

This study was designed to focus on the analysis of compensation management and employee satisfaction: a study of Exxonmobil Plc And Conoil Plc. Data were collected using a well structured questionnaires of 150 were administered to the employees of ExxonMobil Plc and Conoil Plc of which 110 were properly filled and returned. This data were collated and analyzed using frequency distribution and simple percentages while correlation analysis and regression were used to test the relationship among the variables. The results of the correlation analysis indicate that there is a strong significant positive relationship between the compensation packages and employees satisfaction in the organizations with correlation coefficient of 0.6160.000 significant level. There is also a weak significant negative relationship between the compensation packages and productivity in the organizations with correlation coefficient of -0.318 and 0.003 significant. Finally, the result of the correlation analysis between the effect of compensation packages and employees welfare in an organization shows that there is a strong positive significant effect of compensation packages and economic welfare of the employees in the organization with correlation coefficient of 0.659 and 0.000 significant levels. Based on findings carried out in this study it is therefore recommended that organizations should make sure that there is friendly and positive relationship between employers and employees in the organization and organizations should ensure the provision of good welfare packages that will encourage and promote employees performance.