THE EFFECTS OF EMPLOYEE BENEFITS ON THE PERFORMANCE OF EMPLOYEES
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ABSTRACT
Maintaining healthy employee relations in an organization is a pre-requisite for organizational success. One way of maintaining good and healthy employee relations in an organization is by attaching lucrative benefits to every job and task carried out by every employee in that organization. The main purpose of this study is to examine the impacts of employee benefits on the performance of an employee in an organization. However, in line with the main objective of the study, the following objectives were specified: To identify employee benefit packages offered to the employees of First bank, Uyo, To evaluate the design and implementation of employee benefit plans/ policies of First bank, Uyo. To examine the effects of identified employee benefit packages on the overall performance of the employees of First bank, Uyo. Lastly, to suggest better employee benefit packages and plans to the management of First bank, Uyo. The total population for the study is made up of the employees of First Bank – Uyo, and its customers. The total population for the employees is twenty (25).
The study also established the fact that employee benefits have great effect on productivity levels of employees. The study also revealed that employees work harder and can go extra miles for the organization if they are being paid higher salaries and allowances. Respondents agreed that they will be more efficient their pay is increased.
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