EXAMINATION OF INFLUENCE OF EMPLOYEE BENEFITS ON EMPLOYEE’S PERFORMANCE IN DEPOSIT MONEY BANKS IN SOUTH EAST, NIGERIA

Abstract:The study examined the influence of employee benefits on employee’s performance in the Deposit Money Banks in South East Nigeria. The specific objectives of the study were to examine extent of  influence of employee’s wages and salary on employee’s commitment in the Deposit Money Banks in South East Nigeria, determine extent of  influence of employee’s retirement benefits on employee’s loyalty to  the Deposit Money Banks in South East Nigeria, and ascertain extent influence of employee’s health benefits on employee’s quality of work in the Deposit Money Banks in South East Nigeria. The study adopted descriptive survey research design. It was carried out in the South East States of Nigeria namely: Abia, Anambra, Ebonyi, Enugu, and Imo. The population of the study which consisted of five banks out of twenty-one (21) revalued  banks was one thousand and ninety-two (1092) employees of the sampled banks. The sample size of the study was 760 employees. In analyzing the data, the mean response was used; Z-test was used to test the hypotheses at 0.05 level of significance. The findings of the study showed that employee wages and salary had to a large extent, positive and significant influence on employee’s commitment in the Deposit Money Banks in South East Nigeria, employee’s retirement benefits had to a large extent, positive and significant influence on employee’s loyalty in the Deposit Money Banks in South East Nigeria, and health benefits had to a large extent ,positive and significant  influence on employee’s quality of work in the Deposit Money Banks in South East Nigeria. The study affirmed that employee wages and salary, employee’s retirement benefits, and health benefits had positive and significant influence on employee’s performance in the Deposit Money Banks in South East Nigeria. The study therefore concluded that employee’s benefits had positive and significant influence on employee performance in Deposit Money Banks in South East Nigeria. The study recommended among others that Deposit Money Banks in the South East Nigeria, should make retirement benefits a compulsory policy since retirement benefits ensured maximum performance.