An Empirical Investigation into the Performance Management Practices of Selected Manufacturing Firms in Southern Nigeria

Abstract

This paper seeks to assess whether current performance management practices yield effective results and compare performance management practices in Nigerian firms to best practices. Data were collected from nine hundred and ninety three (993) manufacturing firms in Nigeria. The Yamane’s statistical formula was employed for sample size determination. 285 copies of questionnaire were distributed to various managing directors of these firms who were strategically placed to provide data for a proper evaluation of performance management practices of the sampled organizations. Using frequency tables, Chi- square (X) statistic and Z-test one sample Kolmognov-Smirmov test, the study reveals that current performance management practices in Nigeria delivers effective results, but did not conform to best practices. Based on the findings, the paper submits that leaders and top management of these manufacturing firms should continue to apply performance management strategies including training and development programmes in a positive manner in order to enhance productivity amongst employees.

Keywords: Empirical Investigation, Performance Management, Manufacturing Firms.