Multinational Research Society Publisher

Evaluation of the Effectiveness of Labor Policies in Reducing Income Inequality within Private Sector in Nigeria


Sr No:
Page No: 13-24
Language: English
Authors: Okeke Anthonia Nkechi, Ibrahim Musa*
Received: 2025-04-17
Accepted: 2025-05-25
Published Date: 2025-05-05
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Abstract:
This study evaluates the Effectiveness of Labor Policies in Reducing Income Inequality within Private Sector in Nigeria using a mixed-methods research design, combining quantitative and qualitative approaches to comprehensively assess the effectiveness of labour policies in reducing income inequality within private sector organizations. Findings from the study reveal that the responses on the effectiveness of the role of labour policies in addressing income inequality. Specifically, structured surveys were administered to a sample of 300 employees and management staff to capture perceptions and experiences related to labour policy implementation and its socio-economic outcomes. Additionally, in-depth interviews with key organizational stakeholders and focus group discussions provided contextually rich insights into the practical challenges and opportunities associated with fostering equitable labour practices in the private sector. According to 180 responses regarding the perceived efficacy of labor policies, 50% of respondents think they are "Very Effective." The policies under study, such as labor laws, corporate social responsibility frameworks, and investment controls, were deemed highly effective by half of the respondents. As a result, the study suggests a number of best practices for improving labor policies, such as consistent training and awareness campaigns (70% support) and more stringent enforcement of current legislation (65% favor).
Keywords: Labour Policies, Income Inequality and Private Sector.

Journal: MRS Journal of Accounting and Business Management
ISSN(Online): 3049-1460
Publisher: MRS Publisher
Frequency: Monthly
Language: English

Evaluation of the Effectiveness of Labor Policies in Reducing Income Inequality within Private Sector in Nigeria