The effect of compensation on staff performance at National Bank of Oman

Abstract

This study aims to evaluate the effect of the compensation system on staff performance at the National Bank of Oman. Compensation refers to the combined amount of cash and non-cash payments make to staff in return for their work to the organization. Staff performance is described as how well a staff performs their job obligations and completes their assigned tasks.  This study collects data from both primary and secondary sources. A quantitative method through questionnaire was used to collect data, while the secondary data was acquired through several resources such as journal articles, books, and reports.  t is also possible that the incentive system's goal is to keep staff in the bank. Staff satisfaction, loyalty, retention, and attrition are all influenced by the compensation system. It also influences the bank's ability to recruit top talent. According to this report, Staff at the National Bank of Oman perform their duties with excitement because they expect reward or compensation from the bank. It has been discovered that there is a clear relationship between compensation and staff performance.