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The Significance of Fringe Benefits on Employee Morale and Productivity

Author

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  • Chukwuma Stephen Chukwudumebi
  • Kifordu A.A

Abstract

The paper considered the significance of fringe benefits on employee morale and productivity in oil companies using Shell Petroleum and Development Company Warri in Southern Nigeria. The objective of this study was to find out the significance of fringe benefits on employee morale and staff productivity. Three hypotheses were tested based on the direction and collection of data from various respondents through administered questionnaires and direct interviews. A total of fifty (50) questionnaires were distributed to the categories of staff in the company. Chi-square test was used to test the hypotheses and the results was significantly accepted. Findings revealed that fringe benefit as an incentive, significantly affects employees morale and productivity. As such it should be enhanced. We concluded that fringe benefits play a vital role in the level of employees’ morale and productivity of companies. Also recommendation on increase in the various forms of fringe benefits in private and public companies was made. Bearing in mind “that those who promote these benefits will have increased ability in return and those who distant themselves will fail... That is what is called being a leader and responsive teacher of successful men†Hsun (1960).

Suggested Citation

  • Chukwuma Stephen Chukwudumebi & Kifordu A.A, 2018. "The Significance of Fringe Benefits on Employee Morale and Productivity," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 21(68), pages 78-92, June.
  • Handle: RePEc:rej:journl:v:21:y:2018:i:68:p:78-92
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    File URL: http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2018-06-29/3514/5-kifondornou.pdf
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    Cited by:

    1. Sahar Nisar & Danish Ahmed Siddiqui, 2019. "A Survey on the Role of Fringe Benefits in Employee Satisfaction – An Analysis of Organizations of Pakistan," International Journal of Human Resource Studies, Macrothink Institute, vol. 9(1), pages 232-252, December.

    More about this item

    Keywords

    : Significance; Fringe benefits; Employee; Morale and Productivity;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence

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