NECA: Private Sector Pay Reviews are Based on Performance.

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Contrary to the parameters available in the public sector, wage reviews in the private sector follow institutional processes based on performance appraisal results, according to Wale Oyerinde, Director-General of the Nigeria Employers’ Consultative Association (NECA).

In an exclusive interview with The PUNCH, NECA (Oyerinde) remarked that the Federal Government’s proposal to alter civil officials’ salaries was a positive move given the recent economic difficulties that had considerably decreased workers’ purchasing power.

While wage adjustments or increases are not made on a yearly basis in the public sector, the private sector has institutional frameworks that make annual salary evaluations possible using the results of performance assessments, the speaker stated.

The presidential committee on compensation, he continued, was now analyzing pay and would make its conclusion public in the first quarter of 2023. However,  in a rebuttal statement, Ngige denied saying that the Federal Government was reviewing the salaries of public and civil servants.

Ngige said the increase he alluded to with State House correspondents in Abuja was on the remunerations and emoluments of the affected workers, especially the civil servants. The minister wishes to clarify that the increase he talked about was on the remunerations and emoluments of the affected workers, especially the civil servants.”

Punch

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