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Workers Welfare and Organizational Performance in Financial Institutions in Nigeria

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Abstract

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You are about to download: Workers Welfare and Organizational Performance in Financial Institutions in Nigeria project material.

Introduction

The practise of worker’s welfare activities has now become a popular phenomenon of the total personnel policy of any organization. The activities involved giving extra benefits to the employee to supplement their wages at the cost of the employer (Pearson and Ramos, 2005).

From the view of the employees, it is seen that good workers’ welfare activities will induce the employees to work hard and improve their general attitude, reward the organization and increase their level of production.

But for the employer, these benefits represent extra income, additional security, or more desirable working condition that require no additional effort (Alaranta and Maarit, 2004).

In both private and public organizations, employers of labour observed that employees’ welfare service is the ability of the sub-ordinate to contribute more to the achievement of the organizational goal promotes industrial relations so as to maintain industrial peace.

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