EFFECT OF EMPLOYEE BENEFITS ON EFFICIENCY OF SELECTED AND LISTED CONSUMER GOODS COMPANIES IN NIGERIA

This study examined the effect of employee benefit on the efficiency ofs elected and listed consumer goods companies in Nigeria for a period ofe ight (8) years from 2012 to 2019. This study underpinned by Human Capital Theoty used descriptive statistics, correlation analysis, panel regression and panel corrected standard error regression to analyze the association and relationship between the variables. The regression result revealed that employee benefit, positively and significantly affects efficiency of selected and listed consumer goods companies in Nigeria for the specified period. The control variable; company size, positively and significantly affects the efficiency of selected and listed consumer goods companies in Nigeria. The study recommends that selected and listed consumer goods companies should upsurge employee benefit such as increase personnel cost on medical allowances, pension, long service award, training, production bonuses and gratuity in order to intensify their efficiency which involves companies ability to pay employees, providers of finance, government and ability to retain earnings for growth and expansion of business. Specifically, selected and listed consumers goods companies should improve employee benefit by introducing a post-employment medical benefitforp ensioners and employees on the defined gratuity scheme.