Employee Perception on Compensation Management and Benefit Policy at Commercial Bank of Ethiopia (A Case Study on Commercial Banks in Dessie Town, Ethiopia)

Abstract

The aim of the study is to examine employees’ perception on compensation management and benefit policy at selected Commercial Banks in Dessie town, Wollo region, Ethiopia. To meet the objectives researcher adopted descriptive research design by using quantitative and qualitative data interpretation. From the total 12 licensed commercial banks currently operating in Dessie town the sample areas of the study has selected from two branches of public commercial banks and the two braches private commercial banks by using purposive sampling techniques. The primary data was collected through questionnaire from a sample of 100 clerical employees of the banks and interviews from human resource department. The data has been analyzed by using descriptive statistics frequency, tables and charts. From the research it is observed that employees perception towards current compensation and benefits are unfair, not distributed between supervisor and clerical employees. Employees are not participating in compensation and benefits decision and also the compensation system not communicated to employees.