EFFECT OF EMPLOYEE’S WELL-BEING ON CORPORATE PERFORMANCE: A STUDY OF FIRST BANK OF NIGERIA PLC, ILORIN
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Date
2018-04-23
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department of industrial relations and personnel management, university of ilorin
Abstract
In a globalised and highly competitive world, banks are in stiff competitions with one another.
They need to encourage their workers to perform better, improve efficiency and retain good
employees. For this purpose, providing adequate labour, welfare facilities and promoting job
satisfaction became important. Employee welfare measures are efforts geared towards relieving
the industrial workers from want. The study adopted descriptive research design. The population
is 39 operation staff of the First Bank Plc, Ilorin while a 32 sample size was determined through
the Yaro Yamani formula. The study used single regression to analyse the formulated hypotheses
and the findings revealed that an employee’s well-being has effects on corporate performance.
Therefore, the study concluded that effective practicing of adequate compensation, be it direct or
indirect and concern about employees’ well-being will have tremendous effects on the corporate
performance. The study, therefore, recommends there should be an improvement in the
employee’s well-being. Organizations should try to put into consideration the basic needs of
their employees and this will encourage employee’s commitment and contribute to their
productivity.
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Keywords
Employee’s Well-Being,, Corporate Performance,, organization profitability, productivity, Employee’s Commitment,