Compensation Management and Job Satisfaction in Selected Public University Teaching Hospitals in Lagos and Ogun State, Nigeria

The health sector plays an important role in ensuring the safety of lives, however, inadequate compensation in terms of basic pay, fringe benefits and recognition are some of the reasons responsible for employees’ dissatisfaction on the job.This study focused on compensation management and employees’ job satisfaction in selected public university teaching hospitals in Lagos and Ogun States, Nigeria. The study adopted a survey design which includes, a research questionnaire distributed to collect data from 450 samples which were drawn from 3,352 clinical employees of selected public university teaching hospital in Lagos and Ogun States. The sample size of 450 was determined using the Research Advisors sample table and selected using stratification based on proportions. The findings of the study indicate that compensation management components (basic pay, fringe benefit and recognition) had a significant effect on job satisfaction of selected public university teaching hospitals in Lagos and Ogun States, Nigeria(AdjR² = 0.109, p < 0.05). Employers and policy makers are continually challenged to develop and enhance employee compensation management effectively towards attracting, motivating, retaining and satisfying employees on the job.