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The Impact Of Salary Increase And Fringe Benefits Among Nigerian Workers
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1.5 RESEARCH QUESTION
This study will attempt to answer various specific questions like:-
1. How you ever demanded for salary increase?
2. Have you enjoyed or been given any fringe benefit?
3. Has there ever been any trade dispute in the corporation?
4. Has the corporation recorded any demonstration work to rule strike action?
5. 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.
1.6 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
2.
Salary: Salary can be defined as a fixed payment at regular interval
for service. It is a payment made to workers for service rendered.
3.
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 the theory of Douglas McGregor that “the
expenditure of physical and mental effort in work is natural as play or
restâ€. 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.
4. Fringe Benefits: Fringe
benefits are payment other than wage or salary made to an employee such
as pension, leave bonus insurance, etc.
5. 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.
6. 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.
7. Corporation:
Corporation can be defined as an institution operating the service of an
economic or social character on behalf of the government.
8.
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.
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ABSRACT - [ Total Page(s): 1 ]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 wage ... Continue reading---
