STATISTICAL EVALUATION OF THE EFFECTS OF MEASURING EMPLOYEE PRODUCTIVITY IN CORPORATE ORGANISATIONS IN NIGERIA (A CASE STUDY OF FIDSON HEALTHCARE PLC.)

Abstract

This study conducted a statistical evaluation of the impact of measuring employee productivity in Nigerian corporate organizations, with Fidson Healthcare Plc as the case study. The primary objective was to employ statistical tools to assess the influence of employee productivity measurement on various financial parameters. The evaluation primarily explored the relationship between performance appraisal results, mean appraisal scores (MAS), and financial variables including Net Profit, Total Revenue, and Net Current Assets. Data for this research was sourced from the company's Finance and Human Resource Department. Statistical techniques including Analysis of Variance (ANOVA), Correlation, and Regression were utilized for analysis, with data analyzed using Statistical Package for Social Sciences (SPSS) version 20 and Microsoft Excel. The findings suggested that there was no strong correlation between employee productivity measurement and organizational performance. However, it was concluded that improved alignment of the performance appraisal process with corporate goals could enhance the predictive value of employee productivity measurement using performance appraisals for organizational performance.