Effect of Retirement Plans on Employee Performance In Private Sector Organisations In Nigeria: A Study Of Ashaka Cement Plc, Gombe
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 3
Abstract
Employee retirement has become a subject of concern to all employees in private sector organizations in Nigeria. Therefore, this paper examines the effect of retirement schemes on employee performance in Ashaka Cement Plc. The study employs the survey research design where structured questionnaires were administered to a sample of 266 staff of the company. Data collected was analysed using regression analysis. Result of the analyses revealed that good retirement plans affect employee performance in cement manufacturing companies in Nigeria. The paper recommends contributory retirement plans as it has significant effect on employee work performance accounting for 21.7% of all plans offered by the company to enhance performance with a correlation co-efficient of 0.466. In addition, the paper recommends other plans that may affect employee performance in private sector organisations in Nigeria. The paper contributes to knowledge by revealing how contributory retirement plan improves employee performance in cement manufacturing companies in Nigeria.
Authors and Affiliations
Stephen I. Dugguh Phd, Apollos Dangana Iliya
Keywords
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- EP ID EP399930
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