<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Employees have physical and emotional needs so the wellbeing of the workforce cannot be overlooked. This study examined the effect of employee benefits on business growth using a sample of ten consumer goods companies listed on the Nigerian Stock Exchange. The panel data used in this study is from the annual report of the individual companies from 2012-2019 and was analyzed using the Eviews. The study carried out descriptive statistics with undistorted original data; tests such as Pearson correlation and the variance inflation factor were also performed. Finally, the Pesaran CD test was used to check the cross-sectional dependence before estimating the panel regression, which corrected the cross-sectional dependence with Period SUR. The Fixed Effect regression result showed that gratuity, pension and medical allowance, which were the measures of employee benefits, had a positive significant effect on organizational growth (measured in terms of assets), The study, therefore, concludes that employee benefits in the consumer goods sector have a positive and significant effect on business growth, with the exception of the medical allowance. Therefore, the study recommends that business organizations trying to get the most out of employees for growth should initiate and improve the payment of benefits to employees and initiate and improve pension payment.</p>
</abstract>

Employees have physical and emotional needs so the wellbeing of the workforce cannot be overlooked. This study examined the effect of employee benefits on business growth using a sample of ten consumer goods companies listed on the Nigerian Stock Exchange. The panel data used in this study is from the annual report of the individual companies from 2012-2019 and was analyzed using the Eviews. The study carried out descriptive statistics with undistorted original data; tests such as Pearson correlation and the variance inflation factor were also performed. Finally, the Pesaran CD test was used to check the cross-sectional dependence before estimating the panel regression, which corrected the cross-sectional dependence with Period SUR. The Fixed Effect regression result showed that gratuity, pension and medical allowance, which were the measures of employee benefits, had a positive significant effect on organizational growth (measured in terms of assets), The study, therefore, concludes that employee benefits in the consumer goods sector have a positive and significant effect on business growth, with the exception of the medical allowance. Therefore, the study recommends that business organizations trying to get the most out of employees for growth should initiate and improve the payment of benefits to employees and initiate and improve pension payment.

Effect of Employee Benefits on Organizational Growth of Consumer Goods Firms in Nigeria

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution 4.0 International License.

Employees have physical and emotional needs so the wellbeing of the workforce cannot be overlooked. This study examined the effect of employee benefits on...

Effect of Employee Benefits on Organizational Growth of Consumer Goods Firms in Nigeria

Publié en ligne: 12 juil. 2022

Pages: 116 - 137

Reçu: 01 oct. 2021

Accepté: 01 janv. 2022

DOI: https://doi.org/10.2478/sues-2022-0015

Mots clés
Employee Benefits, Organizational Growth, Consumer Goods, Panel Regression

© 2022 Nonye Stella Agubata et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Effect of Employee Benefits on Organizational Growth of Consumer Goods Firms in Nigeria

Publié en ligne: 12 juil. 2022

Pages: 116 - 137

Reçu: 01 oct. 2021

Accepté: 01 janv. 2022

DOI: https://doi.org/10.2478/sues-2022-0015

Mots clésEmployee Benefits, Organizational Growth, Consumer Goods, Panel Regression

© 2022 Nonye Stella Agubata et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Mots clés
Employee Benefits, Organizational Growth, Consumer Goods, Panel Regression