Precarious Employment and Small Business Sustainability: Evidence from Lagos State Selected Cleaning
Authors:
KABUOH Margret
Publication Type: Journal article
Journal:
ISSN Number:
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Abstract
Maintaining a stable workforce is necessary for ensuring business sustainability yet employers engage in precarious employment which entails low wages, 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 employer-worker relationship which can relatively be leveraged if both parties can maximize their
rewards and minimize costs. That is, creating a synergy by aligning the interests of both
employers and employees to minimize 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
actualize their goals and align it with the sustainability of the business.