05
State of
Productivity
Productivity level in comparison to previous year
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Less productive
Feels the same
More productive
Na who don chop fit work.
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Inflation effect on Productivity
10
%
January 2023
10
%
January 2024
In simpler terms, imagine your paycheck shrinking over time. Inflation is like constantly having to spend more money on the same things you used to buy. This can be incredibly frustrating, as Kunmi, a 34-year-old Lagosian who earns 30,000 Naira monthly, can attest.
I had to reduce the amount I spend on feeding because of the high cost of food.
Kunmi (34, Single, 30k)
The Squeeze of Inflation
Savings and spending are not the only thing feeling the brunt of the economy, rising costs are also impacting motivation at work.
30% of respondents reported feeling less productive compared to last year due to inflation. This suggests a concerning link between financial anxieties and work performance.
For example, Sam, a Lagos resident who earns 25,000 Naira monthly, exemplifies this connection.
30% of respondents reported feeling less productive compared to last year due to inflation. This suggests a concerning link between financial anxieties and work performance.
For example, Sam, a Lagos resident who earns 25,000 Naira monthly, exemplifies this connection.
I don’t eat at work till I get back home, that's why I don’t spend on food. Because I still have to do ajo.
Sam (82, Married, 25k)
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Download the
Report
The findings of this report underscore the financial strain faced by employed Nigerians. This highlights the urgent need for innovative solutions, such as earned wage access, to provide financial relief and support the well-being of Nigerian workers.
For a deeper dive into the data and specific figures, refer to the full report:
Turn Insights into Action
Our “State of The Employed” report reveals that 70% of employees lack access to financial support from their employers. With PaidHR’s Earned Wage Access, you can offer your team instant access to part of their salary anytime—at no extra cost to your organization.
Ready to see it in action? Book a demo today.
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