Employee compensation plays a major role in efforts to manage human resources better. Its practices differ across employment units (e.g., organizations, business units, and facilities) on several dimensions. The present descriptive study aims at measuring the Bangladesh Gas Field Company Limited (BGFCL) employees’ perception on their financial compensation and other benefits. The study also evaluates the impact of compensation and benefits on employee productivity. To achieve the objectives, 152 employees of BGFCL were selected as sample and the required data from them were amassed through mail questionnaire and interview schedule. The results of the study testify that BGFCL employees’ perception towards basic salary structure, festival bonus structure, incentive bonus structure, leave passage, and share of workers’ profit participation fund facility are positive but their perception on different allowances including lunch, washing and transport allowances are negative. It is also observed from the study that BGFCL’s current compensation and benefit package has a positive impact on employees’ productivity but is not capable of attracting and retaining competent employees.
