AN ASSESSMENT OF THE PERCEPTIONS OF EMPLOYEES ON THE IMPACT OF PRIVATIZATION ON WELFARE: EVIDENCE OF THE CAMEROON TEA ESTATE (CTE) -TOLE, CAMEROON
By: Njonguo Kelly Founjuh | Department of Business and Management Studies | Human Resource Management
The main objective of this study was, an assessment of the perceptions of employees on the impact of privatization on welfare: Evidence of the Cameroon Tea Estate (CTE)- Tole, Cameroon. Some specific objectives designed were; to investigate the perception of employees on the wages before and after privatization of CTE, to get the perception of the employees on the level of job security before and after privatization of CTE and to examine the employee’s perception on the health care services before and after privatization of CTE. The privatization of the estate led to a wide range of disparity in the welfare situation of the workers in the estate. The sample population consisted of 250 workers of the CTE who experienced the privatization process. A cross-sectional research design was adopted, making use of primary data obtained from questionnaires. A purposive sampling technique was adopted for this study. The Cronbach alpha test was run to confirm the reliability of data. The Probit model revealed that, overtime and bonuses were likely to enhance the welfare of workers of Tole Tea Estate while bench rate, allowance, and workload had contrary results. Education was also very likely to enhance welfare while gender and employment status had contrary effects. Based on these findings, therefore, some recommendations were proposed: the bench rate salaries of workers should be regularized, ensure regular payment of bonuses and allowances, issue contracts of employment. Workers should be registered with the National Social Insurance Fund and the estate should revamp the health facilities and employ qualified medical personnel. The research ended by suggesting areas for further studies.
Key words: privatization, welfare, overtime, bonus, allowance, bench rate, work load