Labour Turnover and Performance of Micro, Small and Medium Enterprises in Akure South Local Government Area of Ondo State, Nigeria
- O. Ojo & A. O. Adedeji
Department of Business Administration
Federal University of Technology, Akure, Nigeria
E-mail: nikeolabimpe2016@gmail.com, aoadedeji@yahoo.com
Corresponding Author: A. O. Adedeji
ABSTRACT
The study investigated the effects of labour turnover on the performance of selected micro, small and medium enterprises in Akure South Local Government Area of Ondo State, Nigeria between 2010 and 2014. The study sample consisted of 196 workers who were purposively selected from ten table water companies and ten bakeries respectively. These trades have high prevalence in the study area. Frequency counts, averages, percentages, Likert-scale rating and Relative Importance Index as well as Pearson Product Moment Correlation Analysis (r) and Chi-Square (X2) statistics were employed for data analysis. The study revealed that all identified challenges of labour turnover had adverse effects on performance of the selected micro, small and medium enterprises. The study recommended an urgent need for micro, small and medium enterprises to engage in anticipatory strategic planning approaches to minimise the rate of labour turnover.
Keywords: Labour Turnover, Micro, Small and Medium Enterprises, Performance
