EMPLOYEE WELFARE PROGRAMMES AND PERFORMANCE OF DEPOSIT TAKING SAVINGS AND CREDIT COOPERATIVE SOCIETIES IN EMBU COUNTY, KENYA
Abstract
The purpose of this study was to find out the effects of employee welfare programmes on performance of deposit taking savings and credit cooperative societies in Embu County, Kenya. The specific objectives was to evaluate the effect of social security schemes, medical benefits, employee allowances and employee leave on performance of deposit taking Savings and Credit Cooperative Societies in Embu County, Kenya. The study was supported by the following theories, theory of labour, welfare equity theory, expectancy theory and work engagement theory. The research design adopted by the study was descriptive research design, the population was drawn from the deposit taking cooperative societies in Embu County. This study used quantitative and qualitative data. To analyse qualitative and quantitative data, descriptive and inferential statistics was used. The Statistical Package for Social Sciences was used to code and analyze the data. Tables, diagrams, charts and numerical values were further used to display the outcomes. The qualitative data provided in open-ended questions was analyzed using content analysis. The study found that social security schemes, medical benefits, employee allowances and employee leave had a positive significant effect on performance of deposit taking SACCOs in Embu County, Kenya. The study concludes that social security schemes helps maintain stable labour relations and a productive workforce. Employee health benefits help attract and retain employees, increase focus and productivity and protect the most valuable and talented employees. Scheduled work breaks provide employees the opportunity to renew their mental and physical state. The study recommends that the SACCOs should lower thresholds regarding working hours or earnings. The organization should set health-specific objectives that will help in reaching it business goals. The organization should identify the organization’s benefits objectives and budget. The management should set an example and unplug themselves to show employees that everyone needs a break.
Key Words: Social Security, Medical Benefits, Employee Allowances, Employee Leave, Performance
CITATION: Wanja, W., & Kiiru, D. (2024). Employee welfare programmes and performance of deposit taking Savings and Credit Cooperative Societies in Embu County, Kenya. The Strategic Journal of Business & Change Management, 11 (4), 990 – 1006. http://dx.doi.org/10.61426/sjbcm.v11i4.3134
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DOI: http://dx.doi.org/10.61426/sjbcm.v11i4.3134
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