Effect of Compensation Management on Employee Productivity of Deposit Money Banks in FCT, Abuja, Nigeria

The study evaluated the effect of compensation management on employee productivity of Deposit Money Banks in FCT, Abuja, Nigeria. The specific objectives are to: examine the effect of base salary on the output; and evaluate the effect of retirement plans on the employee retention of Deposit Money Banks in Abuja, Nigeria. In the study, descriptive survey research design was employed. Sources of data collection included primary and secondary sources. The total population for the study was two hundred and sixty five (265) staff understudy. The whole population was used to small number. Two hundred and fifty- three (253) questionnaires were returned and accurately filled. The study found that Base salary had significant positive effect on the output Z = 10.248, P. 05 and Retirement plans had significant positive effect on the employee retention of Deposit Money Banks in Abuja, Nigeria Z = 10.672, P. 05. The study concluded that base salary and retirement plans had significant positive effect on the output and employee retention of Deposit Money Banks in FCT, Abuja, Nigeria. The study recommended among others that the bank should have a well-structured compensation package to help attract and retain top talent in the competitive banking industry.