CORPORATE SOCIAL RESPONSIBILITY AND EMPLOYEE SATISFACTION IN LAGOSTAR WIRE AND CABLE COMPANY

Abstract

This study investigates the effect of corporate social responsibility on employee satisfaction in Lagostar wire and Cable manufacturing Company located in Ogun State, Nigeria. Coming from the positivism research approach, the study utilized a descriptive cross sectional survey design. Data was collected through a pre validated structured questionnaire that was personally distributed to 121 out of the 174 staff across all departments of the company using the simple random sampling method. The questionnaire was a five scale likert ranging from strongly agree as 1, to strongly disagree as 5. The scale of the variable items were summed up and averaged to establish the mean index of corporate social responsibilities and employee satisfaction. In both cases, an index of less than 4.0 was regarded as low and an index of 4.0 and above was high. Using linear regression analysis, further findings indicated significant positive relationships between corporate social responsibility and employee satisfaction (p=0.000). The paper therefore conclude that the higher the level of implementation of corporate social responsibility by a business, the higher the chances of achieving higher employee satisfaction. It is recommended that like every other company, Lagostar wire and Cable manufacturing Company should through strategic plans, effective team work and feedback improve CSR implementation.