Strategic Human Resource Management Practices and Employees’ Career Development in Selected Commercial Banks in Lagos State, Nigeria

Abstract

The objective of the study is to investigate the effect of strategic human resource management practices on employees’ career development of selected commercial banks in Lagos State.The survey research design was adopted for the study. A sample size of 450 was drawn from the 1,399 employees of nine (9) commercial banks. The simple random sampling and stratified random sampling techniques were adopted to select the respondents. This was adopted to ensure that different groups of the population were adequately represented. The proportional stratified sampling technique was further used to select equal sample of 50 from each of the banks surveyed. The reliability of the study instrument was conducted by means of Cronbach’s Alpha. It was hypothesised that strategic human resources management practices do not affect employees’ career development in commercial banks in Lagos State. From the test of hypothesis, it was found that strategic human resources management practices have a significant effect on employee career development of commercial banks in Lagos State. The findings obtained from the multiple regression analysis indicates that the independent variables, that is, strategic human resource management practices (business and human resource strategy, human resource planning, strategic employment practices, performance appraisal practices and employee retention) have significant effect on the dependent variable (employee career development) of the commercial banks surveyed.It is hereby recommended that for organizations to achieve optimal performance and effective employees’ career development, strategic human resource management practices should be embraced and adopted.

Keywords: Strategic Human Resource Management Practices, Employees’ Career Development, Commercial Banks.