Strategic Employee Benefits for Optimizing Organizational Performance and Employee Productivity in Nigeria

Abstract

The paper examines the effects of employee benefit programs on how companies perform and the productivity of their employees in Nigeria. In this analysis, we surveyed 300 employees in the finance, healthcare, education, and technology sectors to examine the importance and outcomes of professional development, health insurance, paid leave, retirement plans, and flexible work hours. According to statistical analysis, the reason employees are more productive is that 65% of the difference is due to professional development and health insurance. Analysis of Variance (ANOVA) helps point out that benefits can be affected differently by sector, which supports the need for unique Human Resources (HR) strategies by industry. It means organizations should design benefits that suit the particular needs of their staff to help them perform their best. Creating HR strategies that fit the needs of different industries can boost satisfaction among workers and raise the company’s performance. Likewise, organizations should keep evaluating and changing their benefit programs so that they continue to fit what their staff needs and motivate them to stay involved. Nigerian firms should make better use of benefit design for better performance and competitiveness.