Abstract

Hospitality industry plays a significant role in contributing to a nation’s gross domestic product by stimulating economic growth, revenue generation and jobs creation. This study review the impact of compensation and benefits on employees’ job satisfaction and retention within the Nigerian hospitality industry. Compensation and benefits are critical in employees’ job satisfaction and retention. In addition to utilizing equity theory as a framework, the study reviewed existing literature on compensation and employee well-being in the hospitality settings using a non-systematic search and scoping review. Findings suggest a positive correlation between comprehensive compensation packages and employee job satisfaction, potentially leading to increased retention. The study recommends the importance of offering competitive salaries, health insurance, paid leave, employee feedback and other benefits to attract and retain talent in the competitive hospitality industry in Nigeria.