EFFECTS OF FRINGE BENEFITS ON EMPLOYEE PERFORMANCE (A STUDY OF ZENITH BANK PLC AGBOR BRANCH,DELTA STATE)
Abstract
This study investigates the impact of fringe benefits on employee performance, using Zenith Bank Plc as a study. Specifically, it explores the roles of healthcare benefits and maternity leave policies in influencing employee productivity. The research employed a quantitative design, with data collected through structured questionnaires administered to 21 staff members. Statistical analysis was conducted using the PMSS method, including descriptive statistics, Pearson correlation, chi-square test, and multiple regression analysis.
The findings reveal a strong and statistically significant positive relationship between healthcare benefits and employee performance (r = 0.861, p < 0.001), and a similarly strong correlation between maternity leave policies and performance (r = 0.836, p < 0.001). Regression analysis indicates that healthcare benefits significantly predict employee performance (β = 0.471, p < 0.05), while maternity leave had a positive but less significant effect. Chi-square analysis (χ² = 10.29, p < 0.05) confirms the presence of implementation challenges in administering fringe benefits effectively.
Based on these findings, the study recommends enhancing healthcare coverage, ensuring equitable implementation of maternity leave policies, and strengthening administrative processes to eliminate barriers. This research contributes to the growing body of literature on employee welfare in the Nigerian banking sector and highlights the importance of fringe benefits as strategic tools for performance improvement.
Keywords: Fringe benefits, employee performance, healthcare, maternity leave, Zenith Bank Plc, PMSS, Nigeria
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