Determinants of employee productivity in listed manufacturing firms in Southwestern Nigeria.
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Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Management and Accounting,Obafemi Awolowo University
Abstract
This study analysed the level of employee productivity and identified the factors influencing employee productivity in the listed manufacturing firms in Southwestern Nigeria. It also assessed the individual and joint roles of factors influencing employee productivity and discussed the challenges to employee productivity in the firms in Southwestern Nigeria. These were with a view to providing information on the determinants of employee productivity in the listed manufacturing firms in Southwestern Nigeria.
This study adopted a descriptive survey and made use of primary data. The population for this study comprised of the twenty-one (21) consumer goods manufacturing firms listed on the Nigerian Stock Exchange. From this population, seven (7) Fast-Moving Consumer Goods (FMCG) firms were purposively selected from the listed firms on the Nigerian Stock Exchange having their headquarters based in Lagos. The selected fast-moving consumer goods firms have a higher frequency of purchase and are characterized with low price and inventory turnover. A sample size of 394 (using Yamane’s formular) was drawn from the population of 24,590 employees. Structured questionnaire was used to elicit information from the respondents. The data collected were analysed using percentages, factor analysis, correlation, hierarchical linear regression and ANOVA.
The results showed that level of employee productivity in the listed manufacturing firms in Southwestern Nigeria was rated to be 58.3%. The results also showed that the factors influencing employee productivity were management (23.1%, personnel (21.8%, technical (, finance (14.8%, production (13% and organisational factors (10.8%. The study further showed that the individual factors such as finance (t = 0.818; p > 0.05), production (t = 1.281; p > 0.05), management (t = 0.931; p > 0.05) and technical (t = 0.742; p > 0.05) had positive but insignificant relationships with employee productivity while the joint factors such as personnel (t = -2.932; p < 0.05), and organisational factors (t = -3.906; p < 0.05) had significant relationships with employee productivity. The study further showed that the major challenges to employee productivity were inadequate opportunity for knowledge accumulation and application (), zero feedback on employees’ performances over time (57.7%), insufficient production capacity due to lack of facilities (54.2%), and inability to ensure implementation and improvement recommendations (47.4%).
The study concluded that management, organisational, technical, personnel and finance were the major determinants of employee productivity in the listed manufacturing firms in Southwestern Nigeria.
Description
xi,114p
Keywords
Productivity, Employee, Determinants of employee, Manufacturing firms
Citation
Olajide,O.O(2019).Determinants of employee productivity in listed manufacturing firms in Southwestern Nigeria. Obafemi Awolowo University