IMPACT OF STRATEGIC REWARD ON THE PERFORMANCE OF EMPLOYEES OF NIGERIA IDENTITY MANAGEMENT COMMISSION (NIMC).

Abstract

Despite its pivotal role, the Identity Management Commission (NIMC), a crucial entity in the nation's identity management landscape, encounters challenges in ensuring optimal employee performance and meeting its objectives. This is due to how it utilizes strategic reward practices, an important function related to employees’ motivation, commitment and satisfaction. This study examines the impact of strategic reward practices (financial compensation, recognition, career development opportunities and work-life balance) on employees’ performance in NIMC. Employing a descriptive design, data was collected from a sample of 431 employees across diverse NIMC departments using a structured questionnaire. Through regression analysis, the study found that financial compensation, recognition, career development and work-life balance have significant impacts on employees’ performance in NIMC. It was recommended that the management of NIMC should; revisit its compensation structure to ensure it remains competitive and equitable within the industry; prioritize the establishment of a formal recognition programme to acknowledge and appreciate employees' efforts and achievements; invest in a comprehensive career development programme aimed at enhancing employees' skills, competencies, and career progression opportunities; and implement policies and practices that promote work-life balance among employees, such as flexible work arrangements, telecommuting options, compressed workweeks, or flexible scheduling.