THE IMPACT OF PERFORMANCE MANAGEMENT OF THE PROFITABILITY OF MANUFACTURING FIRMS IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The study examined the impact of performance management on the profitability of manufacturing firms in Nigeria. The level of employee productivity in Nigerian organizations has been on the decline over the years and this could be ascribed to poor performance management strategies put in place by these manufacturing firms. It is in light of this, that this study aims to examine the effect of performance management on employee productivity among Nigerian manufacturing firms. Descriptive survey research design was adopted for the study. The population was 6026 comprising of the entire staff of five selected manufacturing companies in Lagos State. Taro Yamane formula was used to derive the sample size of 490. A structured questionnaire was administered resulting in a response rate of 97.5%. The instrument was validated and the Cronbach’s Alpha used for the Pre-test Reliability Analysis of the major constructs ranged between 0.778 and 0.879. The data gathered was analyzed with the aid of Statistical Package for Social Sciences (SPSS) version 21.0 software involving frequency distributions, linear and multiple regressions. Findings showed that indeed the four context of performance management had a significant effect on employee productivity. Detailed simple linear regression analysis showed that performance appraisal (F = 39.60, R Square = 0.077, P < 0.05) at 7.7%; performance feedback (F = 142.726, R Square = 0.231, P < 0.05) at 23.1%; employee training (F = 7.803, R Square = 0.016, P < 0.05) at 1.6% and compensation (F = 297.643, R Square = 0.385, P < 0.05) at 38.5% had a significant effect with employee productivity, however, performance feedback and compensation had the strongest relationship on employee productivity; multiple regression analysis also showed performance management (F = 79.482, R Square = 0.402, P < 0.05) at 40.2% had significant effect on employee productivity. The study concluded that Performance Management when well implemented improves employee productivity especially when more emphasis is placed on positive feedback and compensation which was proven to have a higher influence on productivity of employees. It was recommended, among others, that manufacturing firms should encourage their members of staff by giving them regular positive feedback and compensate them fairly to improve productivity.
Related Project Materials
BUSINESS ORGANIZATION AND MANAGERIAL EFFICIENCY OF SMALL SCALE ENTERPRISE
Abstract
This study is on business organization and managerial efficiency of small scale enterprise. The total populatio...
THE EFFECTS OF INVENTORY MANAGEMENT IN MANUFACTURING COMPANY
ABSTRACT
The technique of inventory control is indispensable going by their impact in contributing, pro...
ANALYSIS OF CAUSES OF POOR PERFORMANCE IN BUSINESS STUDIES IN NIGERIA JSS
ABSTRACT
This study was intended to assess the factors responsible for the poor academic performance in public Junior se...
DESIGN AND IMPLEMENTATION OF TETRIS GAME
ABSTRACT
Tetris is a very popular game that has served as an inspiration for many puzzle-style, tilematching video games we have. It is a...
EVALUATING THE ANTIBACTERIAL EFFICACY OF HONEY AND LEMON JUICE AGAINST BACTERIA ISOLATES FROM RESPIRATORY TRACT INFECTIONS
ABSTRACT
The antibacterial effect of honey and lemon were investigated. Their use separately and in combination were compared with that o...
THE ROLE OF PERSONNEL DEPARTMENT IN MANPOWER TRAINING AND DEVELOPMENT
ABSTRACT
This study was carried out to examine the role of personnel department in manpower training and dev...
DESIGN AND IMPLEMENTATION OF PEER TO PEER NETWORK FOR FILE SHARING
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
File sharing...
THE INFLUENCE OF ORPHANAGE HOMES ON A CHILD’S DEVELOPMENT AND PERSONALITY IN ABUJA
Background Of Study
Children are a country's most important resource and its future generation. The...
THE EFFECT OF ADVERTISING ON CONSUMPTION OF FAST FOOD IN NIGERIA
ABSTRACT
The roles of advertising on the consumption of fast food cannot be over emphasized. Advertisin...
THE EFFECTS OF ADVERTISING ON COMPANY’S PROFITABILITY [A CASE STUDY OF YINKA OBA FOAM AND PAINTS ILESHA]
Abstract
Advertisement in such a media as print (newspaper, magazines, billboards, flyers) or broadcas...
