Abstract

Determinants of Labour Efficiency in Nigeria : A Cross Company Study of Manufacturing Firms

Highlights

  • 1.1 Backgrounds Labour represents human effort towards production (Bhatia, 1978)

  • 5.1 CONCLUSION Our analyses show that unlike works undertaken in the advance countries of the world, wages and level of education are more relevant in determining the efficiency of labour in Nigeria

  • It could be seen that wages and salaries derive the Nigerian workforce to effectiveness

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Summary

Introduction

1.1 Backgrounds Labour represents human effort towards production (Bhatia, 1978). Adam Smith in his time recognized the indispensable nature of labour towards production. Labour efficiency is the ratio between the actual output produced and the standard output It has to do with the measurement of how good a body shop is keeping its technicians busy on productive tasks. With increasing globalization and expansion of competition in industrial products, labour productivity more than before has become determining factor in the competitiveness of industries in domestic and foreign markets (Fellahi, Sojoodi and Salannia, 2011). They expressed the fact that high labour productivity means lower per unit cost and, ability of the firm to match prices on the global markets. It is because of the fact that prices of products depend largely on cost of production and labour cost is an important component of production costs, labour efficiency which encompasses labour productivity has become a focal point for the millennium managers

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