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LEADERSHIP AND MOTIVATION AS ESSENTIAL TOOLS FOR ORGANISATIONAL GROWTH AND EXPANSION

LEADERSHIP AND MOTIVATION AS ESSENTIAL TOOLS FOR ORGANISATIONAL GROWTH AND EXPANSION ( A CASE STUDY OF UNION BANK PLC, ABA)

 

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ABSTRACT

(People entering employing organization) go into these organization with a lot of expectation in mind, in most cases, they (seek) good salary and other motivational factors if they are to be retained in the organization these motivation. Job security, efficient medical services, pension scheme, recognition, transportation, housing, good working condition, promotion among others. Where these leadership appear adequate and meet the expectation of staff. They are retained. Apart from its ability to retain the staff, good leadership system is also capable of motivating work to put in their best in the performance of their efforts are adequately rewarded. Absence of good reward would bring about decline in performance, which will automatically effects the organizational growth in order to get the best out of staff, banks try to motivate their staff in such a way that they are motivated to perform at their best so as to increase the growth of their organization there by entiancing profit. It is in recognition of these facts that we want to examine the leadership and motivation of union bank Plc, using their branch at Aba as a case study to find out if staff are well motivated so as to enable it compete favourably with other financial / institutes / Banking industries in the country and the researchers findings pointed to the fact that leadership and motivation bring about the growth of an organization.

 

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

1.1      Background of the study

1.2      Statement of the problem

1.3      Objectives of the study

1.4      Research questions

1.5      Research Hypotheses

1.6      Significance of the study

1.7      Scope and limitations of the study

1.8      Definition of terms

 

CHAPTER TWO: REVIEW OF RELATED LITERATURE

2.0      Introduction

2.1      Non-financial motivation

2.2      Philosophies of human nature and motivation

2.3      Expectancy motivation theory (Victor Vroom)

2.4      Situation / contingency theory of leadership

2.5      Motivation of the Nigeria worker

2.6      Summary of review of related literature

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.0      Introduction

3.1      Research Design

3.2      Area of the study

3.3      Population of the study

3.4      Sample and Sampling technique

3.5      Methods of Data collection

3.6      Methods of Data Analysis

 

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA

4.0      Introduction

4.1      Analysis of questionnaire

4.2      Result of testing of hypothesis

 

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1      Restatement of the problem

5.2      Summary of findings

5.3      Conclusion

5.4      Recommendations

5.5      Suggestion for further study

References

Questionnaire.

 

CHAPTER ONE

INTRODUCTION

 

1.1     BACKGROUND OF THE STUDY

The most important human activities is leadership questions and motivation, ever since people began forming groups to accomplish aims, they could not achieve their aims as individuals. Leadership has been essential to ensure the coordination of individual efforts. A society has come to rely increasingly on group efforts and as many organized group have become large, the task of leaders has been rising in importance.

Leadership we know have no universal definition some leadership scholars have defined it according to their views.

Therefore leadership could be seen as a social influencing process for the attainment of goals. A leader is the most influential person in an organization who provides direction, guides group activities and ensures that group objectives are attained (Nwachukwu, 1999:146) furthermore he saw leadership as a process where one person exerts social influence over the members of a group.

Motivation are those various reason why people work, may be to earn respect among associate to earn salary and wages to acquire prestige and honour. In all these variety of reasons, culture seems to be a determing factor what actual make the between healing and sick organization and the worker. According to Howell and Dipboye (1982) they mostly depends on organization ability to discover sustain and meet the workers need.

Therefore motivation can be seen as what ever thing that makers a person to bring out his or her best.

Management is the process of utilizing resources of a firm that accomplish designated objectives.

  1. PROFILE OF UNION BANK PLC, ABA

Union Bank of Nigeria Plc was established in 1917 as a colonial Bank with its fist branch in Lagos. In 1925, Bardays Bank acquired the colonial Bank, which resulted in the change of the Bank’s name to Bardays Bank (Dominion colonial and overseas). Following the enactment to be incorporated locally, Barclays Bank (D.C.O) in 1969 was incorporated as Barclays Bank of Nigeria Limited. The ownership structure of Bardays Bank emained un-changed until 1971 when 8.33% of the Banks shares were offered to Nigerians in the same year, the Bank was listed on the Nigerian stock exchange. As a result of the Nigerian Enterprises Promotion Act of 1972, the federal government of Nigeria acquired 51.67% of the Bank shares, which left Bardays Bank Plc, London with only 40%. By the enactment of the 1972 and 1977 Nigeria Enterprises promotion Acts, Bardays Bank International disposed its share holding to Nigeria in 1979. To reflect the new ownership structure and in compliance the name Union Bank of Nigeria Plc.

Union Bank Group operates an interlocking organizational structure whereby some board members of union Bank of Nigerian Plc act as external directors in subsidiaries and associated companies. This arrangement, ensures effective oversight and participation in the decision making process of these companies thereby safeguarding the Banks investments.

1.2     STATEMENT OF THE PROBLEM

Management of organization have over the years been faced with a lot of problems which have in one way or the other hindered organizational growth and development some of these problems could be seen as follow: indiscipline of workers, high rate of absenteeism, high labour turn-over, job irritability, lack of motivation and reduced productivity.

INDISCIPLINE OF WORKER: This has contributed a lot to the problems of organizations. Some workers have been found in the habit of disobeying simple instructions from their superiors, which in one way or the other jeopardize organizational growth and development.

HIGH RATE OF ABSENTEEISM:- The rate at which workers absent themselves from duty without permission from the appropriate authority for reasons best known to them have really pose a problem on management of organizations.

HIGH LABOUR TURN OVER:- The rate at which people go out of an organization (skilled and unskilled workers) is also a problem which have retard productivity in many organizations.

JOB IRRITABILITY: This may come as a result of tiredness of the job, due to lack of enthusian on the said job. This is also a problem to organization.

Lack of motivation:- eg low pay, poor performance appraisal lack of staff training and lack of staff promotion will retard workers from doing their work effectively and efficiently since their efforts are not rewarded as at when due.

REDUCED PRODUCTIVITY: This is also a problem to management of organization. When productivity is reduced, an organization tends to suffer.

1.3     OBJECTIVES OF THE STUDY

The researcher tends to find out the effects of leadership and motivation in management of organizations she find out this research work in order to know the effect of autocratic and laisser faire styles of leadership on workers productivity and how best to boast employees morale and increase their sense of belonging which in turn will lead to increased productivity in organization. She tends to discover how best leadership and motivation will minimize the problems encountered by organizations. This study aims at determing the clausable course and effect relationship by observing existing consequences and then reflecting back on the data so collecting clause able courses e.g A researcher. Who wants to find out the effect of class size on the performance of students should compare the class size of some years and corresponding the over all performance of the class for several group, this involves an investigation past event, development and experiment. Investigation comprises a thorough evaluation and analysis of evidences in order to establish facts.

One which sees to abstain how some dimension valuables or characteristics of a given population change with time. The study attempts to describe the nature and degree of growth maturity and valuations in behaviours among members of the group.

1.4     RESEARCH QUESTIONS

This research project tends to answer the following questions.

1)      What are the effect of leadership and motivation on management of organizations?

2)      Does the type of leadership practiced affect employees morale and consequently their output

3)      Is there any effect of employee’s behavior on organizational productivity?

1.5     RESEARCH HYPOTHESIS

A hypothesis is a proposition assumed for the sake of argument or a theory to be proved or disproved by to facts. It is an assumed answer to a problem. It is also a guide to a research work.

H01: Lack of motivation in organization does not lead to low productivity.

H02: The type of leadership an organization practiced does not affect employee’s morale and their output.

1.6     SIGNIFICANCE OF THE STUDY

The significance of this research work lends creduce to this exercise. It serves as an enlightenment to management of organizations on how best to boost the morale of their employees through motivation which in turn increases their sense of belonging and their output. This work will also serve as a panacea to management of organizations in arriving at dependable solutions to management consultants. This work will serve as a guide to political leaders on the type of leadership style they will adopt, which will faster peace and stability in the society.

This work will serve as a guideline for future researchers to critically examine the concept of leadership and motivation on effective management f organization. This work is also significant to the researcher for the fulfillment f the award of the High National Diploma.

1.7     SCOPE AND LIMITATIONS OF THE STUDY

This research work is restricted to the office of Union Bank of Nigeria Plc, Aba branch. It is limited to the effect of leadership and motivation in management of organization. All thing been equal, the researcher would like to cover as much area as possible but it is impossible because of some circumstances, which was beyond his control.

The constraints could be seen as follows: Finance, lack of time due to the tight schedule of academic calendar, unwillingness of some of the respondents to answer questions, posed by the researcher, rainfalls which restricted the researchers movement and act of God. All these place limitation on the extent the researcher can go.

 

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1.8     DEFINITION OF TERMS

1)      Motivation: Can be defined as a process of the reason one does or behaves in a particular way. He is motivated entirely by self interest. To make what to do especially that involves hard work and effort.

2)      Organizational: Can be defined as a group of people who from a business, club, etc. together in order to achieve a particular aim. To work for a business (political) voluntary organization, the world health organization. He’s the president of a large international organization.

3)      Leadership: It state or position of being a leader. Leadership it is the ability to be a leader or the qualities a good leader should have: leadership qualities / skills, strong leader is needed to captain the team. A group of leaders of a particular organization, etc.

4)      Growth: It is the process (of people animals or plants) the process of growing physically, mentally or emotionally, lack of water will stunt the plant’s growth. Remove dead leaves to encourage new growth a concern with personal (mental and emotional) growth and development, growth hormones designed to make grow faster.

5)      Management: The term management has been used in different way’s to describe an essential aspect of organizational activities which determine how people should work and the materials to be used in achieving organizational goals.

6)      Business: The term business has been generally defined as an occupation, task or duty which a person undertakes to earn a living.

7)      Economic system: The economic system determines the pattern of ownership of factors of production and economic resources and the production and distribution of goods and services.

8)      Organizing: Is defined as involving the determination of activities to be performed in order to achieve goals.

9)      Communication: Is the medium through which information is passed. In essence, to communicated is to pass information. Information is anything that reduces or eliminates the uncertainty in any given situation. Information is needed by everyone working in an organization to do his or her duty very well.

10)    Information system: Is a set of resources man, materials and procedure defined to attain information goals within a socio-economic environment which produces and utilizes the system as tool for development (Hayes, 1975).

 

CHAPTER TWO

REVIEW OF RELATED LITERATURE

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NAIRA EXCHANGE RATE DEPRECIATION AND DOMESTIC INFLATION IN NIGERIA

NAIRA EXCHANGE RATE DEPRECIATION AND DOMESTIC INFLATION IN NIGERIA

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ABSTRACT

The research work critically examined the extent to which naira exchange rate depreciation had affected domestic inflationary rate in Nigeria between 1985 – 2000. Therefore, in this study, the researcher examined the trend of inflation and exchange and the relationship between the two variables.   A model was specified to show the relationship between both variables.  Also interest rate was included in the model as one of the variables that affect inflation.The model was then estimated using multiple regression method and variable statistical tests where carried out on the regression equation. The result was analyzed accordingly. Moreover, the result of the statistical test shows that exchange rate depreciation of Naira is significant in explaining variation in the rate of inflation.

Finally, the data for the project work was collected from most recent years in order to make finding, adequate in explaining the cause of inflation in recent times.

 

 

TABLE OF CONTENTS

Title page                                                                                          ii

Approval page                                                                                  iii

Dedication                                                                                         iv

Certification                                                                                                v

Acknowledgement                                                                                      vi

Abstract                                                                                            vii

Table of contents                                                                              viii

CHAPTER ONE

Introduction                                                                                                1

1.1            Background to the study                                                                   1

1.2            Statement of problem                                                              3

1.3            Significance of study                                                               5

1.4            Objective of the study                                                             5

1.5            Research hypothesis                                                                6

1.6            Scope of study                                                                        7

1.7            Definition of terms                                                                            7

Reference                                                                                 8

CHAPTER TWO                                     

Literature review                                                                               9

2.1            The concept of exchange rate                                                  9

2.2            Exchange rate management in Nigeria                                     19

2.3            Inflation – a concept                                                                28

2.4            Theories of inflation                                                                32

2.5            Inflation in Nigeria                                                                  37

2.6            Exchange rate depreciation and inflation in Nigeria                          41

2.7            Empirical evidence                                                                  43

Reference                                                                                 46

CHAPTER THREE

Research methodology                                                                      48

3.1            Method of data collection and analysis                                   48

3.2            Theoretical framework and model specification                      48

Reference                                                                                 53

CHAPTER FOUR      

Analysis of result                                                                    54

4.1            Presentation of result                                                              54

4.2            Analysis of result                                                                    55

CHAPTER FIVE

Summary, conclusion and recommendation                                               57

5.1            Summary                                                                                 57

5.2            Conclusion                                                                              58

5.3            Recommendation                                                                     58

 

 

CHAPTER ONE

 

INTRODUCTION

1.1            BACKGROUND TO THE STUDY

The naira exchange rate depreciation coupled with persist increase in the inflationary rate has been a major bane on economy of Nigeria.  To a layman inflation is a phenomena to embrace as his income increases daily without knowing the harmful side of such an increase.  Whether there is anything like depreciation or an improvement in the exchange or whether is income is nominal or real the layman do not know.

But this complementary problems so to say of naira exchange rate depreciation and inflation has been a thought of obesity in the hearts of Nigerians past and present governments and many patriotic Nigerians.

The pegging of, inflation in Nigeria can be said to be a direct result of the policies of the country’s governments to stimulate a fast rate of economic growth and development, since 1951 when the ministerial government was introduced between 1984 and 1986, the naira was quoted against dollar and pounds as the only intervening currencies which was in line with the International Monetary Fund (I.M.F) demand.  I.M.F had earlier complained that naira exchange rate was rising above the stipulated 2% limit.  The naira was then devalued at 1.000 4 US dollar.  The inflation rate in Nigeria was not serious problem before her independence.  But immediately after the civil war i.e. from 1970’s, the inflation rate in Nigeria took another dimension.  The value of naira as against dollar and pounds sterling started to deteriorate, in 1970, it was a naira to 1.400 dollar and 0.584 pounds sterling.  In 1971, it was 1.44 dollar and 0.582 pounds sterling to a naira.  In 1973, it was 1.519 dollar and 0.614 pounds sterling to a naira.  In 1974 it was 1.589 and 0.675 pounds sterling to naira which increased to 1.623 dollars and 0.734 pounds sterling in 1975 as a result of Udoji salary award of 1974 increased wage extensively.  Higher wages increased the purchasing power of consumers thus, leading to increase in their prices.

The introduction of Structural Adjustment Programme (SAP), and second-Tier Foreign Exchange (SFEM) in 1986 on one of government’s major policy packages, was aimed at making the over, valued naira exchange rate more realistic and responsive to market forces.  Regrettably, C. Anyanwu (1989) observed, the SAP/SEFEM was a disaster that was fast destroying the foundation of Nigeria economy.  There was consequent persistence of exchange rate depreciation of the naira (from 1.5691 naira to 1.0 dollar at the end of September 1986, 7.8950 naira to 1.0 dollar by mid February 1990).  Also by August 1998, the dollar was sold for 21.9960 naira at the Foreign Exchange Market (FEM) while at parallel market it was sold for 45 naira.  The value of naira continued to depreciate to the extent that the exchange rate was less than one dollar to a naira before 1990.  It was 0.119 US dollar to a naira in 1990.  This depreciated to 115.7 to a dollar by the 12 April, 2001 (CBN) 1994.  By 2003, it has risen N130 to the US dollar.

1.2            STATEMENT OF PROBLEM

The depreciation of naira persistently, has various inflationary effects on the economy of Nigeria.  The effects of this macro-economic problem can be highlighted in different stages.  In the first place, when a currency is depreciated, it is designed to reduced or discourage the excessive dependence on a particular foreign or some foreign commodities.

This will make domestic prices of such imports may be intermediate goods and as a result tends to push the cost of production of final goods up.

In another way, deteriorating exchange rate of naira could bring about inflation of increase in wage rate or demand, when the naira is devalued, the price of important raw materials increases domestic firms may be willing to increase production reduction on their competition as a result of like in prices of raw materials.

Consequently, the output of the firms will attract high prices, therefore for consumers to meet their provisions level of consumption or maintain their real income, calls for wages increase which according to Sotersten (1994) will worsen the whole situation.

Nigerians as one of the developing nations that heavily depend on imported inputs, implements and machinery, the cost of these are usually very high due to poor exchange rate of naira.

This will discourage potential investors, how investment will lead to reduced national product, which is an indicator of stagnancy or retrogression of the economy.

For this reason, Obasanjo (1999) noted that any thing could happen of regulatory authorities did not take steps to tidy up the situation, so the researcher wants to find out the problems and suggest ways of remedying the situation.

1.3            SIGNIFICANT OF THE STUDY

For the purpose of this study, the researcher took a step further to determine the possible significances.

(i)                To give other researchers who which to write on this topic the process to follow

(ii)             To check the inflationary of deflationary gap

(iii)           To determine the cumulative impact of broad money growth and the sizeable devaluation of the naira

(iv)           To determine the fate of naira with other internal currencies.

(v)             To determine government policies.

1.4            OBJECTIVE OF THE STUDY

The objectives of this study include the following

(i)                To identify the causes of inflation and exchange rate depreciation.

(ii)             Examine the extent to which naira exchange rate depreciation heed affected domestic inflationary rate in Nation.

(iii)           Assess the effectiveness of government earlier introduced policies.

(iv)           Give suggestion and recommendation on appropriate policies for the future.

1.5            RESEARCH HYPOTHESIS

Since the research data was mainly from secondary sources, the hypothesis used will be in two forms to determine result.

The null hypothesis and the alternative hypothesis.  The null hypothesis (Ho) will be tested against the alternative hypothesis (Hi)

(a)     Ho:    There is no positive or significant relationship

between exchange rate depreciation and domestic inflation in Nigeria.

(b)     Hi:     There is significant or positive relationship between

exchange rate depreciation and domestic inflation in Nigeria.

1.6            SCOPE AND LIMITATION OF THE STUDY

The study covers the period from 1985 to 2000.  It concentrates on the trend of exchange rate depreciation and inflation in Nigeria.  The study is limited to the period because of the problems associated with the availability and collection of secondary data needed for the research work due partly to the level of development of the Nigeria economy.

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APPLICATION OF KNOWLEDGE MANAGEMENT TOOL FOR IMPROVEMENT IN GUARANTY TRUST BANK PLC

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ABSTRACT

The title of this project is “Application of knowledge management tool for improvement in GTB plc. The main objectives of this study among others, is to find out, if the organization has a formulated systematic process and strategies with regards to the acquisition, sharing and evaluation of knowledge available within the organization. In other to achieve these objectives, a research question was formulated and administered to examine that the organization has formulated systematic process for acquisition, sharing and evaluation of knowledge. Questionnaire was used as instrument for data collection. The Likerts 5 point scale and mean score methods were used to analyze the data. One of the findings was that, the style of management helps in the acquisition, sharing and evaluation of knowledge available within the organization. In conclusion, laid-down processes and strategies for acquisition, sharing and evaluation of knowledge for proper flow of information for teamwork and greater results. It is recommended that benefits and importance of knowledge management should be clearly explained to the employees for better outcome of result.

 

 

CHAPTER ONE

Introduction

1.1    Background of the study       –       –       –       –       –       1

1.2    Statement of the Problems    –       –       –       –       –       3

1.3    Objectives of the Study         –       –       –       –       –       4

1.4    Significance of the study       –       –       –       –       –       5

1.5    Research Questions      –       –       –       –       –       –       5

1.6    Scope of the Study       –       –       –       –       –       –       6

1.7    Limitation of the Study –       –       –       –       –       6

1.8    Definition of Terms       –       –       –       –       –       –       6

 

CHAPTER TWO

Literature Review

2.1    Introduction        –       –                –       –       –       –       7

2.2    Conceptual Definition   –       –       –       –       –       –       7

2.3    Knowledge Management       –       –       –       –       –       8

2.4    Objectives of Knowledge Management    –       –       –       11

2.5    Dimension of Knowledge       –       –       –       –       –       12

2.6    Strategies for Knowledge Management    –       –       –       15

2.7    Motivation as tool for Knowledge Management –       –       16

2.8    Technology use in Knowledge Management     –       –       20

2.9    Knowledge Leader        –       –       –       –       –       –       21

2.10  Knowledge Management System    –       –       –       –       24

2.11  Benefits of Knowledge Management        –       –       –       27

2.12  Summary of the Chapter       –       –       –       –       –       27

 

CHAPTER THREE

Research Methodology

3.1    Introduction        –       –       –       –       –       –       –       28

3.2    Research Design –       –       –       –       –       –       –       28

3.3    Area of Study      –       –       –       –       –       –       –       28

3.4    Population of the Study         –       –       –       –       –       28

3.5    Sample and Sampling Techniques   –       –       –       –       29

3.6    Instrument of Data Collection        –       –       –       –       29

3.7    Validation of Instrument        –       –       –       –       –       29

3.8    Reliability of Instrument        –       –       –       –       –       29

3.9    Method of Data Collection     –       –       –       –       –       29

3.10  Method of Data Analysis        –       –       –       –       –       30

 

CHAPTER FOUR

Data Presentation and Analysis

4.1    Introduction        –       –       –       –       –       –       –       31

4.2    Characteristics of Respondents       –       –       –       –       32

4.3    Data Presentation and Analysis       –       –       –       –       34

4.4    Summary of Findings    –       –       –       –       –       –       44

4.5    Discussion of Findings  –       –       –       –       –       –       45

 

CHAPTER FIVE

Summary, Conclusion and Recommendation

5.1    Summary    –       –       –       –       –       –       –       –       47

5.2    Conclusion –       –       –       –       –       –       –       –       48

5.3    Recommendation         –       –       –       –       –       –       49

Bibliography –      –       –       –       –       –       –       –       51

Appendices –       –       –       –       –       –       –       –       53

 

CHAPTER ONE

  1. BACKGROUND OF THE STUDY

Knowledge management was scientific discipline in earlier 1990s, supported solely by practitioners after sometime Leif Eduinsson of Sweden, the world’s first chief knowledge officer (CKO) became interested in not only practical but also theoretical aspects of knowledge management.

Knowledge management (km) comprises ranges of strategies and practices used in an organization to identify, create, represent, distribute and enable adoption of insights and experiences, such insight and experience comprises knowledge either embodies in individuals or embedded in organization as a practice or process.

Knowledge management includes courses taught in the field of business administration, information system, management and library and information sciences but more recently other fields have started contributing to knowledge management research. These include information and media, computer science and public policy.

Knowledge management focuses on organizations objectives such as to improve performance, competitive advantages, innovation etc. however, knowledge management has a lot to challenges in accessing relevant knogwledge due to lack of skills in using various technologies tools and difficulties in implementing knowledge management within organization due to language usage e.t.c.

The reason for this study to see if organizations apply knowledge management and how well it has improved their organization and even employees.

HISTORICAL OF GTB

Guaranty Trust Bank is one of the best banks in Nigeria. Its started it formal banking in 1991. It has many branches in Nigeria and also has in Gambia, Liberia, Ghana, United Kingdom etc. it has received best bank and customer friendly awards. Guaranty Trust Bank’s license was approved on the 1st of August, 1990, and six months after its doors was opened to the public for business at 8.00am on Monday, the 11th of February, 1991. At it new redesigned head office building christened the plaza, at No. 6 Adeyemo Alakija, Victoria Island.

Fola Adeola and Tayo Aderinokun are the main founder of Guaranty Trust Bank plc. Both resigned from a merchant bank after seeing that the bank was collapsing due to management problems.

“Fola Adeola initiated the suggestion of the name “Guarantee Trust” due to the acronym that it could be easily remembered: Along the line a suggestion came from Gbolade Osibodu, the word “Guarantee” was change to “Guaranty” to further underscore the defining ethics of the new venture. Adeola and Aderinokun came from both NAL merchant bank and continental merchant bank and the consensus was that the new venture should be a commercial bank.

AN EVALUATION OF THE IMPACT OF WAGES AND SALARIES POLICIES ON THE PERFORMANCE OF WORKERS OF NATIONAL EYE CENTRE

AN EVALUATION OF THE IMPACT OF WAGES AND SALARIES POLICIES ON THE PERFORMANCE OF WORKERS OF NATIONAL EYE CENTRE

COMPLETE MATERIAL IS N5,000.

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

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PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

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form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

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ABSTRACT

This research study deals with an evaluation of the impact of wages and salaries policies on the performance of workers in government parastatals, with special reference to National Eye Centre Kaduna.  The objectives of the study is to find out government policies with respect to wages and salaries in various government parastatals, the problems encountered while implementing wages and salaries in Nigeria, to also determine the effectiveness of wages and salaries policies on the performance of workers in government parastatals.  The research method use in this research work is survey methods for data collection.  The findings of this research work are that it is obvious that the most tangible means of compensation are wages and salaries, a major determinant of wages and salaries is the pay level of other organization.  In conclusion, this research work concluded that wages and salaries policy influence the performance of workers in government parastatals in Nigeria. The recommendations are since wages and salaries are the most tangible form of compensation, organization should ensure an equitable pay structure for the employees at all time.  There should be a proper collective bargaining process to ensure that wages are fixed at the choice of both the employer and employees fixed at the choice of both the employer and employees so that there will not be friction later on.

CHAPTER ONE: Introduction

  1. Background of the study                                                  1
  2. Statement of the problem                                                2
  3. Objectives of the study                                                    4
  4. Significance of the study                                                  4
  5. Research Hypothesis                                                        5
  6. Scope of the study                                                          5
  7. Limitations of the study                                           6

CHAPTER TWO: Literature Review

  1. Introduction                                                                    7
  2. Purpose of wages and salaries                                          9
  3. Determination of wages and salaries                                 10
  4. Government policy on wages and salaries in Nigeria

and their effect on performance.                                      17

  1. Methods of fixing wages                                                   21
  2. Achieving Organizational Effectiveness through

wages and salaries.                                                          25

CHAPTER THREE: Research Methodology

  1. Introduction                                                                    29
  2. Research Design                                                              29
  3. Area of study                                                                  30
  4. Population of the study                                                    30
  5. Sample size and sampling technique                                 31
  6. Instruments of data collection                                          31
  7. Validation of the instrument                                             32
  8. Reliability of the instrument                                              32
  9. Method of data analysis                                                   33

CHAPTER FOUR: Data Presentation and Analysis

  1. Introduction                                                                    34
  2. Characteristics of Respondents                                         34
  3. Data Presentation                                                            36
  4. Data analysis                                                                   39
  5. Test of hypothesis                                                           43
  6. Summary & Discussion of findings                                     47

CHAPTER FIVE: Summary, Conclusion and Recommendation

5.0    Introduction                                                                    51

  1. Summary                                                                        51
  2. Conclusion                                                                      54
  3. Recommendation                                                            54

Reference                                                                       57

         Appendix

 

CHAPTER ONE

INTRODUCTION

  1. BACKGROUND OF THE STUDY

Employer provides work for employees just as employee on the other hand enables organization and nation to provide or produce goods and services for the ultimate benefit of mankind (O’ Donnell 2000).

 

This is essentially in the nation building process.When goods are provided and services rendered, economy benefits also come to play.According to an abstract of employment, employers pays workers for productivity and services.This is of a symbolic advantage because just as employee help employers to make profit, the employer also give wages and salaries to employees to enable them meet their personal and domestic aspirations.

 

Fairly to pay wages and salaries has resulted in very important conflict in labour and management relation.Therefore, wages and salaries according to Mackenzie is the most significant reward that would assist them to have a good standard of living.

Wages and salaries are used as motivational factors or strategies (Micheal A. 2005).This is explain by piece: rate system which allows payment of wages in relation to job done, in addition, people have been seen to converse for work in organization, wages and salaries are no charitable grant by organization but a significant aspect of the right of worker in the productivity process.Payment must be made for job done by labour.Profit made should not only be for growth and development of companies while workers suffer physically and economically.

The idea of national minimum wage is based on the understanding of the fact that there must be a border line under which employers must not fall in the payment of salaries and wages to workers who need to maintain a living standard.

  1. STATEMENT OF PROBLEM

This research is carried out to evaluate wages and salaries policies on the performance of government parastatals in Nigeria with a case study of National Eye Centre Kaduna.Despite the services rendered by the public sector, salary increment is still a problem.The agitation for more salary is still on because of increasing level of standard of living.The global economic crisis also has brought about the agitation for salary increment and this is the reason for almost all the industrial action being embarked by personnel working in government parastatals.

AN EVALUATION OF THE IMPACT OF REMUNERATION ON EMPLOYEES ATTITUDE AND PERFORMANCE IN ORGANIZATION

AN EVALUATION OF THE IMPACT OF REMUNERATION ON EMPLOYEES ATTITUDE AND PERFORMANCE IN ORGANIZATION

COMPLETE MATERIAL IS N5,000.

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

Enter Amount

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE!!!

ABSTRACT

The essay evaluates the impact of remuneration on individual attitude and performance in organization. The objective of the essay is to identify how remuneration affect employees performance as well as to find out the various methods of remuneration and also to identify the challenges of wages and salaries administration in organization. To this end, attempts were made to review literature on the meaning of remuneration, the impact of remuneration on employees performance, methods of remuneration, objectives of remuneration as well as challenges confronting organization in salaries and wages administration. The researcher recommended that organizations should adhere strictly to the government regulation on salaries and wages as stipulated in the labour Act.

 

CHAPTER ONE: INTRODUCTION

1.1     Introduction        –         –         –         –         –         –         –         1

1.2     Objectives of the Essay         –         –         –         –         –         3

1.3     Significance of the Essay      –         –         –         –         –         4

1.4     Scope and Limitations of the Essay        –         –         –         4

CHAPTER TWO: LITERATURE REVIEW

2.0     Introduction        –         –         –         –         –         –         –         6

2.1     Meaning of Staff Remuneration    –         –         –         –         6

2.2     The Effect of Compensation on Employee’s Work Performance-   18

2.3     Methods of Data Compensation    –         –         –         –         25

2.4     Objectives of Remuneration –         –         –         –         –         31

2.5     Challenges Facing Organization in Salary and Wages Administration   –         –         –         –         –         –         –         34

CHAPTER THREE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

3.1     Summary   –         –         –         –         –         –         –         –         35

3.2     Conclusion –         –         –         –         –         –         –         –         36

3.3     Recommendations       –         –         –         –         –         –         36

References

 

CHAPTER ONE

  1. INTRODUCTION

Remuneration refers to the mode of compensating the workers exerting their energy or spending their time in accomplishing their organizations objectives.

Remuneration can be in monetary terms or in form of services. A monetary term is of course in form of wages and salaries and part of fringe benefits like housing and transportation allowances. Compensation package has three major components which are wages and salaries, fringe benefits and the other one is incentive schemes. Remuneration which comes in form of services includes recreational services, canteen services and medical services.

Remuneration has a significant impact on workers attitude and performance in organization because it is the most effective motivational technique. Good remuneration improves productivity, while poor remuneration affects productivity adversely. However, the general problem of monetary remuneration is that they are expert in the short run but not necessarily cost effect. On the other hand, monetary remuneration can motivate workers depending on his or her needs for  money. Individual behaviour and consequently performance in an organization is related to remuneration. This is because people come to work in order to excel or to succeed in competitive situation.

As such, individuals with high needs for achievement have intense desire for success and equally intense fear of failure. As individuals, they like to see challenges set moderately difficult talk (but not impossible goal) for themselves, take realistic approach to risk, prefer to assume personal responsibilities to get the job done like specific and prompt feedback on how they are performing and likeness to work for long hours (Alfred, 1987).

Therefore, remuneration is one of the best motivational factors that facilitate individuals to put in their best in their job. As such, a well remunerated individual tends to work hard while a poorly remunerated worker does not put much effort in his or her job because such individual is not motivated.

  1. OBJECTIVES OF THE ESSAY

The main objective of the essay is to evaluate the impact of remuneration