COMPARATIVE ANALYSIS BETWEEN WORKERS REMUNERATIONS AND STANDARD OF LIVING IN NIGERIA AND UNITED KINGDOM
Abstract
This study carried out the comparative analysis between workers remunerations and standard of living in Nigeria and United Kingdom. Two research questions and two hypotheses guided this study. A descriptive survey research design was adopted. The population of the study comprised all staff of Julius Berger Nigeria Plc located in Lagos State, Nigeria. A total of seventy staff were chosen through the utilization of stratified sampling technique. The study adopted researcher-self developed instrument tagged: Workers Remunerations and Standard of Living Questionnaire (WRSLQ) with 0.86 as reliability coefficient for data collection. Research questions were answered using descriptive statistics of mean. Analysis of Variance (ANOVA) was adopted in testing hypotheses. The findings of the study revealed that there are more poverty, poor access to health, low income, massive unemployment, low compensation of workers and low level of employment or job opportunity in Nigeria when compared with the counterpart (UK). The findings also indicated that many Nigerians workers received low wages and salary, low incentives, low fringe benefits, low perquisites and non-monetary rewards, however, opposite was the case when compared with their counterpart in United Kingdom. It was revealed that there was significant difference in relationship between workers remunerations and standard of living in Nigeria and United Kingdom. The findings of the study showed that there was significant difference between workers remunerations and standard of living in Nigeria and United Kingdom. Nigeria government in collaboration with private organizations should invest on the programme that can bring more Nigerians out of poverty circle. Government and private organizations should improved on the mode of workers remuneration such as paying them living wages not minimum wages and introduction of series of fringe benefit and incentives for the workers as compared with their counterpart in United Kingdom.
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