EFFECTS OF FRINGE BENEFITS ON EMPLOYEES PRODUCTIVITY IN SELECTED ORGANISATIONS IN OGUN STATE, NIGERIA

Authors

  • Musediq Olufemi Lawal Department of Sociology, College of Management and Social Sciences, Osun State University, Osun State, Nigeria

Keywords:

Fringe Benefits, Industry, Productivity, Organizational Performance

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< 0.05 and sig. P< 0.05) and that significant relationship exists between application of fringe benefits and individual productivity as well as organizational performance (F Statistic (8.982) and sig. P< 0.05).

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Published

2021-07-01

How to Cite

Lawal, M. O. (2021). EFFECTS OF FRINGE BENEFITS ON EMPLOYEES PRODUCTIVITY IN SELECTED ORGANISATIONS IN OGUN STATE, NIGERIA. Annals of Spiru Haret University. Economic Series, 21(2), 55. Retrieved from https://anale.spiruharet.ro/economics/article/view/1063

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