A COMPARATIVE ANALYSIS OF INEQUALITY IN INCOME AND JOB SATISFACTION IN TWO SELECTED ORGANISATIONS

The labour market over the years has been an important source that offers explanation for earnings and income inequality. The structure of the labour market has a significant consequence on employment status and it serves as an important determinant of household income and welfare. The Nigerian labour market is characterised by differences in income and job satisfaction among employees of various organisations. Therefore, this study was carried out to report on the results of a questionnaire which was designed to determine the link between income and job satisfaction of employees of two selected organisations in Nigeria. The results show that education has a lot to do with differences in income. Also, the differences in the level of profitability of these organisations is another factor necessitating wage differences. It also revealed that there is a close link between the incomes earned and the level of job satisfaction of employees in the two organisations studied. This accounts for the differences in the level of productivity of the employees in these organisations. These findings are important to personnel managers responsible for developing recruitment strategies directed at getting the best out of every employee to ensure that the remuneration can meet the needs of the employee