Performance management and employee job satisfaction of pension fund administrators in Nigeria

Abstract

The study examined the effect of performance management on employee job satisfaction of Pension Fund Administrators (PFAs) in Nigeria. A survey research design was employed and questionnaires administered on a sample size of 370 employees of the 22 PFAs in Nigeria was determined through Taro Yamani sample size formula from a study population of 4,983. The administered copies of questionnaire of 367 were properly filled and returned for used. Hypotheses were formulated and tested with the use of multiple regression analysis and Pearson correlation analysis. The results showed that adjusted R2 value of 0.747 (74.7%) established that performance management metrics actually contribute to variation in the level of employee job satisfaction of PFAs in Nigeria. The study recommended that continuous and effective performance management should be given utmost priority with the appropriate performance management software which ensures real time performance assessment.