EFFECTS OF FRINGE BENEFITS ON EMPLOYEES PRODUCTIVITY IN SELECTED FOOD AND BEVERAGES PRODUCTION COMPANIES IN OGUN STATE, NIGERIA

Kareem Olatunji (), Lawal Musediq Olufemi () and Rasaq Sheriff Omotayo ()
Additional contact information
Kareem Olatunji: Department of Sociology, Faculty of Humanities, Management and Social Sciences,Federal University, Wukari, Taraba State, Nigeria, Postal: Department of Sociology, Faculty of Humanities, Management , and Social Sciences,Federal University, Wukari, Taraba State, Nigeria
Lawal Musediq Olufemi: Department of Sociology, College of Management and Social Sciences, Osun State University, Osogbo, Nigeria, Postal: Department of Sociology, College of Management and Social Sciences,, Osun State University, Osogbo, Nigeria,
Rasaq Sheriff Omotayo: Department of Sociology, College of Management and Social Sciences, Osun State University, Osogbo, Nigeria, Postal: Department of Sociology, College of Management and Social Sciences,, Osun State University, Osogbo, Nigeria,

Annals of Spiru Haret University, Economic Series, 2021, vol. 21, issue 2, 55-73

Abstract: The study revealed that the provision of fringe benefits by the management of an organisation has positive roles to play in motivation of employees to higher productivity. It also defined the degree to which an employee identifies with the organization and wants to continue participating actively in it. Questionnaire was the major instrument adopted for this study, a total of 210 respondents were sampled from three food and beverages production organisations. Data generated through the questionnaires for the study were analysed making use of Statistical Package for Social Sciences (SPSS). The results showed that highly competitive fringe benefits have impetus for ensuring drastic reduction in labour turnover. Strong fringe benefits were therefore established to be correlated with employees’ motivation on the job, job satisfaction; job performance, employee retention and that proper workplace environment helps in reducing the rate of absentees. The study therefore submitted that application of fringe benefits facilitates effective productivity, while it was also discovered that employees’ involvement in organization activities contribute to organizational stability. The two hypotheses tested thus showed a significant relationship between employees’ involvement in policy formulation and implementation on individual productivity as well as organizational performance (F Statistic (17.65) P

Keywords: fringe benefit; industry; productivity; organizational performance (search for similar items in EconPapers)
JEL-codes: J24 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://drive.google.com/file/d/1nkA7v19-k6ZuraQAZob8mZ6hL-RvUlmi/view Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:sphecs:0389

Access Statistics for this article

Annals of Spiru Haret University, Economic Series is currently edited by Elena Gurgu and Constantin Mecu

More articles in Annals of Spiru Haret University, Economic Series from Universitatea Spiru Haret no. 13 Street Ion Ghica, Quarter 3, Bucharest, Cod postal: 030045, tel: (004021) 455.1000; 314.00.75; 314.00.76, fax: (004021) 314.39.08, e-mail: info@spiruharet.ro. Contact information at EDIRC.
Bibliographic data for series maintained by Aurelian A BONDREA () and Constantin Mecu ( this e-mail address is bad, please contact ).