International Journal of Education and Social Science (IJESS)

ISSN 2410-5171 (Online) , ISSN 2415-1246 (Print)

Impact of Fringe Benefits on Employee Performance: A Study of Nasco Group, Jos Plateau State

Zirra, Clifford Tizhe Oaya PhD.

Abstract

Fringe benefits in recent times had focused on maintaining (or improving) the quality of life for employees and providing a level of protection and financial security for workers and for their family members. This is because, the success and the survival of any organization are determined by the way the workers are compensated. In-spite of this, there is still some debate over fringe benefits on whether they facilitate in employee performance leading to organizational performance and do benefits impact on an organization’s ability to attract, retain and motivate employees leading to productivity and improved organizations performance. The study thus examined the impact of fringe benefits on employee performance using Nasco Group in Jos as a study. The study adopted descriptive survey research design, while regression method of analysis was used in carrying out the empirical analysis. Findings from the study showed that health protection benefits have a positive and significant impact on employee performance in Nasco group. It showed that the more health protection benefits are provided for employees of Nasco group, the more they work hard at their jobs and their productivity increases. In addition, retirement benefits have a positive and significant influence on employee performance in Nasco group; and lastly, findings from the study revealed that recognition has a significant impact on employee performance in Nasco group. Based on these findings, the study recommends that there is the need for Nasco group to continue the provision of health protection benefits to its employees since it will help them create a sense of loyalty and encourage their productivity in the company. More so, management of Nasco group should review the current retirement package since a good retirement package will attract and retain employees in the public sector and also improve their productivity; and above all, managers of Nasco group need to improvise employee recognition programs for jobs well done, this will motivate employees thus enhancing employee productivity in the private sector.

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