ABSTRACT
This study is on an assessment of employees benefits in ministry of finance Lafia, Nasarawa state. The total population for the study is 200 staff of ministry of finance Lafia, Nasarawa state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made up directors, administrative staff, senior staff and junior staff were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies
CHAPTER ONE
INTRODUCTION
- Background of the study
Each person works for the various reasons. They are as individual as people. However, we all work to get something that we need or to have an impact on the morale, motivation and the quality of our life. On the other hand, to achieve the objectives, the managers must also coordinate the work and achieve the effective and real participation of the people in its execution. Managers turn the decisions into the actions through an essential function of the management, that of training and motivation, which we call simply the function of reasoning. Thus, for serving as training and motivation of the employee, the organization managers have the task of determining the subordinates to understand that using their own potential as well, can contribute both to own and organizational goals. It’s about the motivation, a factor with many non-financial connotations.
Employee benefits have been defined by the Bureau of Labor Statistics as any form of indirect or non-cash compensation paid to an employee (BLS, 2008). Organizations offer benefits to their employees because they promote job satisfaction and inspire worker loyalty, which, in turn, can lead to better financial performance (Chan, Gee & Steiner, 2000; Rutigliano, 1986). As a part of the total compensation paid to employees, benefits serve functions similar to pay. Benefits contribute to attracting, retaining, and motivating employees. The variety of possible benefits also helps employers tailor their compensation to the kinds of employees they need. Different employees look for different types of benefits. Employers need to examine their benefits package regularly to see whether they meet the needs of today. At the same time, benefits packages are more complex than pay structures, so benefits are harder for employees to understand and appreciate. Even if employers spend large sums on benefits, if employees do not understand how to use them or why they are valuable, the cost of the benefits will be largely wasted. Employers need to communicate effectively so that the benefits succeed in motivating employees. For an example of a company that gets its benefits program right, see the “Best Practices” box. Employees have come to expect that benefits will help them maintain economic security. Social Security contributions, pensions, and retirement savings plans help employees prepare for their retirement. Insurance plans help to protect employees from unexpected costs such as hospital bills. This important role of benefits is one reason that benefits are subject to government regulation. Some benefits, such as Social Security, are required by law. Other regulations establish requirements that benefits must meet to obtain the most favorable tax treatment. Even though many kinds of benefits are not required by law, they have become so common that today’s employees expect them. Many employers find that attracting qualified workers requires them to provide medical and retirement benefits of some sort. A large employer without such benefits would be highly unusual and would have difficulty competing in the labor market. Base on this background the research wants to investigate the assessment of employees benefits in ministry of finance lafia, Nasarawa state.
- STATEMENT OF THE PROBLEM
A strong employee benefit plan includes retirement contributions along with medical, life and disability coverage for ministers and other employees. Making these benefits available is a tangible way to show your ministry staff you care which can help attract quality, new employees and reduce turnover. On the ground of this the researcher wants to assess the employees benefit in ministry of finance lafia, Nasarawa State.
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