EFFECT OF WELFARE PACKAGES ON EMPLOYEE PERFORMANCE IN FEDERAL POLYTECHNIC NASARAWA MICROFINANCE BANK, NASARAWA STATE.
Abstract
This study examined the effect of welfare packages on employee performance of Federal Polytechnic Nasarawa Microfinance Bank, Nasarawa State. Specifically the research, objectives are to examine the effect of health benefits, leave and to determine the effect of housing scheme on employees performance of Polytechnic Nasarawa Micro Finance Bank, Nasarawa State. A survey research was employed for the study. The population for the study is 23 staff of Polytechnic Nasarawa Micro Finance Bank, Nasarawa State. A total of 23 questionnaires were distributed and only 17 of them were returned. The data was analyzed with regression analysis and the findings revealed that staff housing scheme has significant positive effect on workers performance; medical health services has insignificant positive effect on workers performance in Polytechnic Nasarawa Micro Finance Bank, Nasarawa State and that car loan has significant negative effect on workers performance in Federal Polytechnic Nasarawa Microfinance Bank, Nasarawa State. Based on this, it is recommended that the management of the Federal Polytechnic Nasarawa Microfinance Bank, Nasarawa State should continue with staff housing scheme to enable workers own their own houses; the management of Federal Polytechnic Nasarawa Microfinance Bank, Nasarawa State should provide primary health care services for workers and their family to enable them to work effectively well in other to achieved the goal of the bank and they should stop giving car loan to workers, since it has negative effect on workers performance in the organization.
Keyword: Welfare packages, performance, housing scheme, medical health services and car loan.
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