The impact of Parental Leave on the innovative performance of micro and small-scale Enterprises in Ondo State

Bukola Olaosebikan Ogunribido and Jeremiah Sunday Daramola
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Bukola Olaosebikan Ogunribido: Bamidele Olumilua University of Education, Science and Technology, Ikere. Ekiti State, Nigeria
Jeremiah Sunday Daramola: Adekunle Ajasin University, Akungba Akoko, Ondo State, Nigeria

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 10, 2286-2292

Abstract: Micro and small-scale business enterprises has been adjudged as an important contributor to the development of Nations across the globe, but most of the time they are excluded from the leave policies and support that the big organisations receive to improve organizational performance. Employees run to big organization whenever the opportunities arise and still make meaningful contributions. The aim of this study was to examine how parental leave policies can be beneficial to the small business enterprises performance. The specific objective was to investigate the relationship between parental leave policy and the innovative performance of micro and small-scale enterprises in Ondo State. Nigeria. Structured questionnaire was used to collect primary data from 324 respondents who are either owners, managers or employees in the micro and small-scale enterprises. Multistage sampling technique was used to select the sample size used for this study. The data collected was analysed using a regression model. The results obtained showed that parental leave have a positive and significant effect on the innovative performance of the micro and small -scale enterprises examined (β = 0 .512, t = 8.681, and P = 0.000). Although, the significant relationship was weak (R2 = 0.19). It was therefore recommended that the government should make parental leave policy accessible to micro and small-scale business employees in Ondo State, and provide the necessary support structures to encourage the adoption of parental leave by small business owners and the employees and subsequently improve performance. Employers should look beyond the cost and use parental leave to elicit employee innovative performance.

Date: 2024
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