Accounting Measuring – Rod For Buisnesses On Their Benefits To Society

Abstract

Banks in Nigeria are laying off staff resulting in shoddy services due to inadequate staff. Also the Federal Government of Nigeria inundated with an already high unemployment number (12.1% and 21.5% for youths) is worried and urging banks to reduce the layoff rate. A school of thought (Onuma, 1979), canvasses that provisions of Employment should be deemed a corporate social responsibility for as long as it can afford it. Based on the afore-stated, there is need to examine some big banks in Nigeria to determine whether they have been forth – coming in meeting their obligations to the society in providing adequate level of employment via a vis their respective earnings. A measuringrod was derived and used for the assessments. Motown Corporation (USA) had a mixed result over 3 – year period. The six (6) Nigerian banks showed a mixed result too. 50% scored below par in performance. This was in regard to their employment provision obligation.