Precarious Employment and Small Business Sustainability: Evidence from Lagos State Selected Cleaning

Precarious Employment and Small Business Sustainability: Evidence from Lagos State Selected Cleaning

Author by Dr. Victoria O Akpa

Journal/Publisher: Social Science And Law Journal Of Policy Review And Development Strategies

Volume/Edition: 5

Language: English

Pages: 174 - 189

Abstract

Maintaining a stable workforce is necessary for ensuring business sustainability yet employers engage in precarious employment which entails low wages, M low benefits, job insecurity and health consequences for employees. This study assesses the influence of precarious employment on small business sustainability in selected cleaning services companies in Lagos State, Nigeria. The study adopts Marxist and social exchange theories with related literature to elucidate an imbalance employerworker relationship which can relatively be leveraged if both parties can maximise their rewards and minimise costs. That is, creating a synergy by aligning the interests of both employers and employees to minimise work place conflict and employment instability. The study reveals that human factor has largely been ignored as work environment enhances employment stability, a prerequisite for business sustainability. Therefore, small businesses should provide conducive environment in which employees can self actualise their goals and align it with the sustainability of the business. Keywords: Precarious Employment, Small Business Sustainability, Work Environment, Employment Stability

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