Reappraising Human Resource Management Practices as Predictor of Employees’ Performance in the Nigerian Banking Industry: Current Evidence

Abstract

This study examined the association of human resource management practices on employees’ performance in the banking industry in Nigeria. The study population comprised one hundred and thirty nine employees of five selected banks in Port Harcourt. A sample size of 103 respondents was drawn using the Taro Yamen’s formula. The study adopted the questionnaire method of data collection and the data were presented with tables and simple percentages; whereas the analysis was done using the Spearman Rank Order Correlation Co-efficient with the aid of the Statistical Package for Social Science (SPSS).  The results showed that: (1) a positive relationship exist between recruitment/selection and employees’ performance (2) a positive relationship exist between training/development and employees’ performance (3) a positive relationship exist between compensation/reward and employees’ performance (4) a positive relationship exist between regular performance appraisal and employees’ performance. Hence it was concluded that the effective and efficient utilization of these practices will increase employees’ performance and consequently overall firms’ performance. The study recommended that organizations should provide good working conditions and a conducive work environment for skills development and training.

Keywords: Human Resource Management Practice, Employees Performance, Reappraisal, Recent evidence.