To Evaluate Employees’ Benefits and Its Influence on Their Productivity at Palmers Green Group Of Companies

To Evaluate Employees’ Benefits and Its Influence on Their Productivity at Palmers Green Group Of Companies

Benjamin Hayford Kwesi Baidoo

Employees’ productivity is a relationship that exists between outputs and inputs. Employees’ benefits play a significant role in an organization that wants to achieve its strategic goals and objectives. In this sense, organization that is unable to effectively manage this aspect of human resource activity will end up experiencing a decline in organization and employees’ performance, as well as their productivity. There are instances that the employees themselves do not recognize the fact that, their benefits is a package and not only cash related. Based on the understanding, it can be stated that, the understanding of employee benefits package is managed poorly and most of the time, these employees productivity is adversely impacted negatively. In this sense, it is of the researcher to investigate to the understanding of what actually contribute to the main employees’ benefits package and how it can effectively be managed and be linked to their productivity. For the purpose of this study, the descriptive survey was used. The study will be carried out at Palmers Green Group of Companies. Currently, the total population in this organization is 105. However, to be able to capture a balance report, the research will focus on the managements, board of directors and the employees. From the data gathered from the respondents, the benefit packages available include employment security benefits, protection of health benefits, retirement benefits and personnel recognition benefits. However, based on these 4 concepts, it can categorically be stated that, for organizations to be able to management their benefits to employees effectively, they require a positive influence towards the employees, and need to have an in-depth understanding of the various approach of employee benefits as the main factor that can motivate employees and further direct the employees towards achieving organizational goals and objectives. It is recommended that, the managements of the organization need to make provision for every new employee a copy of the compensation manual and this need to be discussed to them during their orientation

MBA Finance

JANUARY, 2018