THE IMPACT OF SALARY INCREASE AND FRINGE BENEFITS AMONG NIGERIAN WORKERS
ABSTRACT
This project works was examined from all its ramification, what could be the possible effect of salary increase and fringe benefits among Nigerian workers. It is believed that when salaries and fringe benefits are increased, the aim is to alleviate the sufferings of workers in regards to increasing their purchasing power and meeting the high cost of living. But, the consequence which will come quickly to mind is that many job will be lost and very little created. Employers will pay higher wages, but will do so at the cost of retraction in their labour force. Those who have been desperate for job will sink further into desperation and more would join them through retrenchment.
In analyzing the affect on workers, the researchers carried out a research work at the Nigeria Railway Cooperation Enugu, where opinion of some workers are sampled. By so doing, questionnaire and personal interview were used. We equally examined the more dynamic aspect of wage and salary administration, showing the emergency of wage employment, salary structure, the responsibility for wage and salary and the method of fixed salaries and fringe benefits. The project also highlight the method for salary increase by workers and the probable side effects such as inflation, increase in price of commodities etc. Recommendations as to how the government could come to the aid of workers in minimizing the increase in prices of goods and services when salaries are increased are also discussed.
CHAPTER ONE
Introduction
1.1 Background To The Study
In any establishment either private or public, the impact of salary increase and fringe benefits cannot be over-emphasized. To Nigeria Railway Corporation Enugu, satisfaction of the public and standard of living have been their major concern.
The main objective has been the development and utilization of local raw material (coal) and mobilization of fund for the purpose of satisfaction of the Nigerians.
In the bid to actualize this, the corporation finds it difficult and almost impossible to pay its workers the exact salary and pension at the appropriate time. This as a result, leads to inefficiency since the workers are not motivated to carry out their functions effectively. Facilities provided by the government are not being used and when it is used, they are not maintained properly, and the situation hinders development process.
The whole society is affected negatively by the poor performance of the railway corporation. A business which involves bulky goods are slowed down because of the inadequate facilities used by the corporation in their operation. This as a result may lead to scarcity of some important goods.
The carriage of bulky goods by trailer is now move preferable than the use of train, since the railway corporation is inefficient. Goods that are supposed to be carried by trains are now being carried by vehicles, which thereby creates obstruction in our roads.
Presently, the corporation is not generating accurate revenue for the society, because the people who make use of the railway transportation are few.
This discussion so far, means that the Railway Corporation is unable to achieve its objectives.
1.2 Statement Of The Problem
It is well known fact that workers attempt to increase their salaries and wages directly by negotiating through a trade union, whereby the trade union threatens their employers to go on strike if they refuse to increase their salaries and fringe benefits.
This economic impact of salary increase and fringe benefits on workers effects many workers both in the public and private sectors, and it can lead to increase in the rate of unemployment and thus, inflation.
1.3 Purpose Of The Study
It is expected for any research work to provide answer to a particular problem. In view of this, this project tends:
- To examine the effect of salary increase and fringe benefits among Nigerian workers.
- To highlight the problems that are inherent in increasing the salaries of workers who work in the public sector.
- To identify and correct the environmental factor that affects the salary increase and fringe benefits of workers.
1.4 Significance Of The Study
This study is of great importance in the following ways:-
By virtue of this study, it is needed most. Income and expenditure of an industrial sector would be determined, hence, the number of workers will also be accounted for. This tells whether more workers are to be employed or deployed.
1.5 Research Question
This study will attempt to answer various specific questions like:-
- How you ever demanded for salary increase?
- Have you enjoyed or been given any fringe benefit?
- Has there ever been any trade dispute in the corporation?
- Has the corporation recorded any demonstration work to rule strike action?
- Was any damage done to the corporation?
1.6 Research Hypothesis
Hypothesis One
- Ho: Fringe benefit are not helpful in attracting employees in an organization
- H1: Fringe benefit are helpful in attracting employees in an organization
Hypothesis Two
- H0: There is no direct relationship between fringe benefit package and employee level of commitment.
- H2: There is direct relationship between fringe benefit package and employee level of commitment.
Hypothesis Three
- H0: Records on workers demonstration action can not help to rule strike action off.
- H0: Records on workers demonstration action can help to rule strike action off.
1.7 Scope Of The Study
This project work is not directed at providing solutions at all problems that arise in corporation generally. Rather, it is narrowed to the impact of salary increase and fringe benefits.
1.8 Definition of Basic Terms
1. Salary:
Salary can be defined as a fixed payment at regular interval for service. It is a payment made to workers for service rendered.
2. Wages:
Wages are payment received from becomes obvious that man has to labour himself to the point of satisfaction in order to met up with the necessities of his life either in private or public sector as the case of railway corporation is concerned.
To buttress this statement, it is stated clearly in theory of Douglas McGregor that “the expenditure of physical and mental effort in work is natural as play or rest”. The average human being does not inherently dislike work.
i) This study will reveal how productivity can be effectively increased since an increase in salaries and fringe benefits of such production section will mentally increase the strength of workers, which enable them to work efficiently and effectively.
ii) To enable the researcher meet the requirement for the award of National Diploma in Business Administration and Management.
iii) With the aid of the study, an industrial sector either private or public, will know how and when the efficiency of their labour.
3. Fringe Benefits:
Fringe benefits are payment other than wage or salary made to an employee such as pension, leave bonus insurance, etc.
4. Workers:
A worker is a person who apply or contribute both physical and mental strength with the purpose of getting things done to achieve a particular objective in order to earn his living.
5. Public Sector:
Public sectors are those infrastructural organizations fundamental to the natural economy, which the government decided to control in order to ensure a proper balance between social and commercial aims. These organizations include: Nigeria Railway Corporation, Nigerian Post Authority, Nigerian Airways, National Electric Power Authority, etc.
6. Corporation:
Corporation can be defined as an institution operating the service of an economic or social character on behalf of the government.
Corporation to manage and operate in accordance with the provision of this act, the railway undertaking transferred to the corporation by virtue of the provision of the Act. These undertaking may include, any expansion or extension, construction of new railway and the provision of all reasonable facilities for carriage of passengers and goods.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
The Impact of Salary Increase and Fringe Benefits Among Nigerian Workers can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
- 1.0 Introduction
- 1.1 Background of the study
- 1.2 Statement of the study
- 1.3 Purpose of the study
- 1.4 Significance of the study
- 1.5 Research Questions
- 1.6 Research Hypothesis
- 1.7 Scope of the study
- 1.8 Limitation of the study
- 1.9 Definition of terms
- 1.10 Plans of the study
- REFERENCES
- 2.0 Literature Review
- 2.1 Review of Related Literature/Wage Determination
- 2.2 Methods Of Fixing Wages
- 2.3 System Of Wage Payment
- 2.4 Essentiality Of Wage And Salary Administration
- 2.5 Benefits Of Incentives And Fringe Benefits
- 3.0 Research Methodology
- 3.1 Research Design
- 3.2 Source of Data
- 3.3 Population of the Study
- 3.4 Sample Size Determination
- 3.5 Constructions to Data Collection
- 3.6 Validation of Instrument
- 3.7 Reliability of Instrument
- Reference
- 4.0 Presentation analysis and interpretation of data
- 4.1 Analysis and Interpretation of Findings
- 4.2 Testing of Hypothesis
- Reference
- 5.0 Summary Recommendation And Conclusion
- 5.1 Summary of Findings
- 5.2 Recommendations
- 5.3 Conclusion
- 5.4 Further research needs
- BIBLIOGRAPHY
- APPENDIX
Disclaimer for Complete Material Utilization
The displayed research work titled "The Impact of Salary Increase and Fringe Benefits Among Nigerian Workers" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
- 1.0 Introduction
- 1.1 Background of the study
- 1.2 Statement of the study
- 1.3 Purpose of the study
- 1.4 Significance of the study
- 1.5 Research Questions
- 1.6 Research Hypothesis
- 1.7 Scope of the study
- 1.8 Limitation of the study
- 1.9 Definition of terms
- 1.10 Plans of the study
- REFERENCES
- 2.0 Literature Review
- 2.1 Review of Related Literature/Wage Determination
- 2.2 Methods Of Fixing Wages
- 2.3 System Of Wage Payment
- 2.4 Essentiality Of Wage And Salary Administration
- 2.5 Benefits Of Incentives And Fringe Benefits
- 3.0 Research Methodology
- 3.1 Research Design
- 3.2 Source of Data
- 3.3 Population of the Study
- 3.4 Sample Size Determination
- 3.5 Constructions to Data Collection
- 3.6 Validation of Instrument
- 3.7 Reliability of Instrument
- Reference
- 4.0 Presentation analysis and interpretation of data
- 4.1 Analysis and Interpretation of Findings
- 4.2 Testing of Hypothesis
- Reference
- 5.0 Summary Recommendation And Conclusion
- 5.1 Summary of Findings
- 5.2 Recommendations
- 5.3 Conclusion
- 5.4 Further research needs
- BIBLIOGRAPHY
- APPENDIX
Disclaimer for Complete Material Utilization
The displayed research work titled "The Impact of Salary Increase and Fringe Benefits Among Nigerian Workers" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can this topic “The Role of Financial Institutions in Export Financing in Nigeria From 2006 – 2012” be used for Banking and Finance (BF) Project?
Yes it can be utilized for research — The primary objectives of this study was to examine how the financial institution export finance in Nigeria using First Bank of Nigeria Plc Onitsha branch as a case study. In carrying out this study, I used survey method in which I used the questionnaire to collect data. The target population was the staff of first bank of Nigeria Plc Onitsha Branch from which a sample of 80 was drawn. I used research questions and formulated research hypotheses. The relevant literature was reviewed for the study. The data were collected, presented analyzed and hypotheses tested using chi-square. At the end of the study a number of recommendations were made for further studies and on how to improve the Nigeria financial export …
Can this topic “Impact of Company Income Tax on Foreign Direct Investment” be used for Economics Project?
Yes it can be utilized for research — This study critically examines impact of company income tax on foreign direct investment. The purpose of carrying out this research work is to measure the impact of foreign direct investment on company income tax, to assess if there is a positive relationship between foreign direct investment and Nigeria’s Balance of payment, to ascertain whether foreign direct investment is directly linked to Nigeria’s External reserve, to established the extent to which foreign direct investment affect Nigeria’s foreign trade. The time frame for this project is from 2005 − 2015. Using annual statistical bulletins from Central Bank of Nigeria and World Bank Development Indicators. Linear regression analysis was carried out on SPSS (17.0) statistical package for social science. The regression coefficient was applied …
Can the material for “The Impact of Effective Public Sector Accounting on Public Funds Management in Nigeria” be used as a guide for Accounting and Finance Project?
Yes it can be used — This study has been carried out critically analysis and the impact of effective public sector accounting on public fund management in Nigeria. This project work was necessitated by the way government play in the development of the grassroots socially, economically and politically. In so doing, the researcher used both primary and secondary method in collecting government council. Both questionnaire and interview method were used while other data were collected from textbooks, journals and magazines of related literatures to government accounting in Nigeria government. However, from the result of the finding and conclusion, it was observed by the research that the accounting system of government fell short of being effective. As a result of this government has been caught in the …
Can the material for “The Impact of Electronic Banking on Commercial Banks Operations” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — This study was on electronic banking and the purpose of carrying out this research was to assess the impact of electronic banking on commercial banks operations. In the review of related literature. I covered such areas as the meaning of electronic banking, origin of electronic banking the meaning of computers, the relevance banking products and its relevance to electronic banking. Finally, I talked on problem and solutions associated with electronic banking. My research design was on secondary data approach based on the findings of this study conclusions and recommendation were drawn. Finally, it is the intention of the researcher to provide a document which will apart from satisfying the academic requirement of the institute of management and technology (IMT) Enugu for the award of …
Can this topic “Application of Budget and Budgetary Control Measures in a Non Profit Organization” be used for Banking and Finance (BF) Project?
Yes it can be utilized for research — Budget and budgetary control, both at management and operational level looks at the future and lays down what has to be achieved. Control checks whether or not the plans are realized, and puts into effect corrective measures where deviation or shortfall is occurring. This study examines how budget and budgetary control can be a control measure in an organization using the Catholic Church lagos, as considered in this study. We reviewed the control measure of the performance of Catholic Church in previous and recent times. We found out that the control level of the Church depends much on the budgetary system in achieving its objectives and operation. An empirical investigation was undertaken, using the simple correlation analysis techniques specifically the Pearson …
Can this topic “Motivation and Performance in the Public Sector” be used for Public Administration (PA) Project?
Yes it can be utilized for research — The majority of organizations are competing to survive in this volatile and fierce market environment. Motivation and performance of the employees are essential tools for the success of any organization in the long run. On the one hand, measuring performance is critical to organization’s management, as it highlights the evolution and achievement of the organization. On the other hand, there is a positive relationship between employee motivation and organizational effectiveness, reflected in numerous studies. Literature shows factors such as empowerment and recognition that increase employee motivation and three theories were taken into consideration to give an explanation to the question raised in the Problem formulation. These theories include: Maslow’s hierarchy of needs, Goal theory of Loce (1968: pg. 157-189) and Equity …
Can this topic “The Effect of Social Responsibility of Business Organization” be used for Business Administration and Management (BAM) Project?
Yes it can be utilized for research — Social responsibility is an obligation of any organization to discharge to the area of operation. Every organization are bound to show interest on the issue of responsibility. It is what determines organizations standard and also their effort towards improving their efficient. The need for social responsibility on business organization is over emphasized because it is what shows how interested an organization is an the part of area they are operating. Consequently this research work envisage and evaluate the effect of effect social responsibility on business organization and have suggested ways of improving and encouraging organization to discharge their responsibility. In the introductory chapter the background statement of the problem significance of the study purpose of the study research questions hypothesis …
Can this topic “Influence of Domestic Violence and Broken Homes on Adolescents’ Academic Performance” be used for Psychology Project?
Yes it can be utilized for research — Broken home is a place where the parents engage themselves in quarrelling, fighting, suspecting, keeping late hours to the detriment of the children’s primary drive for food, sleep and other basic needs. The study was carried out to investigate the Influence of Domestic Violence and Broken Homes on Adolescents’ Academic Performance in Jalingo educational zone in Taraba state. In achieving this aim, the following specific objectives were laid out to examine the influence of gender on adolescents’ academic performance and determine if there is any joint influence of domestic violence and broken home on adolescents’ academic performance. Investigation revealed that students from broken homes encounter emotional challenges such as frustration, depression and de-motivation, lack of emotional support, low self-esteem and …
Can the material for “Effects of Truancy on Academic Performance of Primary School Pupils” be used as a guide for Education Project?
Yes it can be used — This research work was carried out to examine the effects of truancy on academic performance of primary school pupils in Edati Local Government area of Niger State.The research methodology utilizes descriptive statistics with simple numbers and percentages in the analysis and synthesizing of primary sources of data collected via questionnaire, as well as diverse literature on the area of study. Chi-square was used in the testing of hypothesis posited. However, this study revealed that; that truancy hinders effective learning and could lead to poor academic performance of truants. It is therefore, recommended that, there should be enlightenment campaigns by government agencies, and non-government organizations for parents and children on the dangers inherent in truancy, and that the school authority and teachers …
Can the material for “Effect of Small-Scale Industries on the Nigeria Economy” be used as a guide for Economics Project?
Yes it can be used — Many economists developed and developing have come to realize the value of small scale industries, they are seen to be characterized by Dynamism Witty innovation, efficiency and their small size allows faster decision making process. This study seeks to find out the effect of small industries on Nigerian economy, the specific objectives are to ascertain the relationship between the product of small scale industries and the Gross Domestic Product of Nigeria and the effect of import restriction and operation of small scale industries, the hypothesis and research questions are formulated in line with the objectives of the study the validity and reliability of the instrument were tested. The statistical test was carried out at 0.05 level of significance, The findings are …