4 - Declining job security level and workers’ perfomance in selected banks, South Western Nigeria
Corresponding Author(s) : Aliyu Taofeek Kolawole
African Sociological Review,
Vol. 17 No. 2 (2013): African Sociological Review
Abstract
The study assessed bank workers’ level of job security and also investigated the relationship between job security level and job performance among employees of the banks. The study adopted cross-sectional research design where primary and secondary data were sourced. Primary data were obtained through both quantitative and qualitative techniques of data collection while Secondary data were extracted from Annual Reports of the selected Banks. The sample consisted of 210 bank workers selected for questionnaire administration and 15 workers for In-depth Interviews (IDIs) especially those that have been working with the bank for the past three years. These comprised both permanent and contract workers. Quantitative data were analyzed using descriptive and inferential statistics while qualitative data were analyzed through content analysis. The result showed that majority (58.7%) considered the level of their job security to be low while (41.3%) considered the level of their job security as high across the selected banks. However, bank by bank evaluations of low level of job security did not show any major differences as Stanbic-IBTC Bank reported (51.4%), Wema Bank (70%), and First Bank (51.4%). The findings also showed that workers, regardless of their perception and feelings of job loss reported increase in their performance. Hence, there existed no significant relationship between job security level and performance (χ2 = 0.75; p> 0.05). The paper concluded that declining job security level is inevitable in the banking industry because of reforms in the Nigeria banking sector. However, this did not lower workers’ performance, otherwise performance were enhanced. It then recommended the need for Nigerian banks to employ the required number of workers they are capable of providing for and put an enabling environment for workers to perform.
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- Armstrong – Stassen, M. (1993), Production Workers’ Reaction to a Plant Closing. The Role of Transfer, Stress, and Support. Anxiety, Stress and Coping. An International Journal, 6, 201-214.
- Brockner, J., Tyler, T. R., and Cooper- Schneider, R. (1992), The Influence of Prior Commitment to an Institution on Reactions to Perceived Unfairness. The Higher They Are, The Harder The Fall. Administrative Science Quarterly, 37,241-261.
- De Witte, Hans (1999), Job Insecurity and Psychological well-Being Review of the Literature and Explorations of some Unresolved Issues, “European Journal of Work and Organization Psychology, 8(2), 155-177.
- Denga, D.I. (1985), Counselling the Retrenched Workers in Nigeria. International Journal for Advancement of Counseling, Volume 10, Number 4, 269-276, D01: 10,1007/BF00121522
- Dooley, D.(2003), Unemployment, Underemployment and Mental Health: Conceptualizing Employment Status as a Continuum’ American Journal of Community Psychology, 32(1): 9-16.
- Greenhalgh, L. and Rosenblatt, Z. (1984), “Job Insecurity: Toward Conceptual Clarity,” Academy of Management Review 9(3), 438-449.
- Hartley, J., Jacobson, D., Klandermans, B. and Van Vuuren, T. (1991), Job Insecurity: Coping with Job at Risk. London: Sage publications.
- Howard, A. (1995), The Changing Nature of Work. San Francisco, CA: Jossey-Bass.
- Jacobson, D. (1991), Toward a Theoretical Distinction Between the Stress Components of the Job Insecurity and Job Loss Experiences. Research in the Sociology of Organizations, 9, 1-19.
- Kronhauser, W. (1965), The Interdependence of Professions and Organizations’ In Vollmer, H. and Mills, D. (eds), Professionalism. Englewood Cliffs, HJ: Prentice- hall.
- Manski, C.F. and Straub, J. D. (2000), “Workers Perceptions of Job Insecurity in the Mid – 1990s: Evidence from the Survey of Economic Expectations”, Journal of Human Resources, 35(3): 447-479.
- McCarthy, N.I. (1993), Validation of Job Insecurity Scale in a Merger Environment Doctoral Dissertation,University of La Verne, 1993). Dissertation Abstracts International, 53(11), 3989
- Ojedokun, A.O. (2008), Perceived Job Insecurity, Job Satisfaction, Intention to Quit among Employees of Selected Banks in Nigeria. African Journal for Psychological Study of Social Issues, 11 (2), 204-220
- Q’Quin, K. (1998), Job Satisfaction and Intentions to Turnover in Human Services Agencies Perceived as Stable and Non-stable, Perceptual and Motor Skills, 88(1): 339-344.
- Simons, J. (1998), Despite Low Unemployment Layoffs Soar-Corporate Mergers and Overseas Turmoil are Cited as Causes – The wall street journal, P. AZ.
- Sverke, M. and Hellgren, J. (2001), Exit, voice and loyalty reaction to job Insecurity: Do Unionized and Non-unionized Employees Differ? British Journal of Industrial Relations 39, 167-182.
- Sverke, M., Hellgren, J. and Naswall, K. (2002), No Security: A Meta-Analysis and Review of Job Insecurity and Its Consequences, Journal of Occupational Health Psychology, 7, 242-264
- Sverke, M. and Hellgren, J. (2002), The Nature of Job Insecurity, Understanding Employment Uncertainty on the Brink of a New Millennium. Applied psychology: An international Review 51, 23-42.
- Uchendu, O.A. (2005), Banking Sector Returns and Bank Consolidation: the Malaysian Experience, Bullion, Publication of Central Bank of Nigeria, 29 (2).
References
Armstrong – Stassen, M. (1993), Production Workers’ Reaction to a Plant Closing. The Role of Transfer, Stress, and Support. Anxiety, Stress and Coping. An International Journal, 6, 201-214.
Brockner, J., Tyler, T. R., and Cooper- Schneider, R. (1992), The Influence of Prior Commitment to an Institution on Reactions to Perceived Unfairness. The Higher They Are, The Harder The Fall. Administrative Science Quarterly, 37,241-261.
De Witte, Hans (1999), Job Insecurity and Psychological well-Being Review of the Literature and Explorations of some Unresolved Issues, “European Journal of Work and Organization Psychology, 8(2), 155-177.
Denga, D.I. (1985), Counselling the Retrenched Workers in Nigeria. International Journal for Advancement of Counseling, Volume 10, Number 4, 269-276, D01: 10,1007/BF00121522
Dooley, D.(2003), Unemployment, Underemployment and Mental Health: Conceptualizing Employment Status as a Continuum’ American Journal of Community Psychology, 32(1): 9-16.
Greenhalgh, L. and Rosenblatt, Z. (1984), “Job Insecurity: Toward Conceptual Clarity,” Academy of Management Review 9(3), 438-449.
Hartley, J., Jacobson, D., Klandermans, B. and Van Vuuren, T. (1991), Job Insecurity: Coping with Job at Risk. London: Sage publications.
Howard, A. (1995), The Changing Nature of Work. San Francisco, CA: Jossey-Bass.
Jacobson, D. (1991), Toward a Theoretical Distinction Between the Stress Components of the Job Insecurity and Job Loss Experiences. Research in the Sociology of Organizations, 9, 1-19.
Kronhauser, W. (1965), The Interdependence of Professions and Organizations’ In Vollmer, H. and Mills, D. (eds), Professionalism. Englewood Cliffs, HJ: Prentice- hall.
Manski, C.F. and Straub, J. D. (2000), “Workers Perceptions of Job Insecurity in the Mid – 1990s: Evidence from the Survey of Economic Expectations”, Journal of Human Resources, 35(3): 447-479.
McCarthy, N.I. (1993), Validation of Job Insecurity Scale in a Merger Environment Doctoral Dissertation,University of La Verne, 1993). Dissertation Abstracts International, 53(11), 3989
Ojedokun, A.O. (2008), Perceived Job Insecurity, Job Satisfaction, Intention to Quit among Employees of Selected Banks in Nigeria. African Journal for Psychological Study of Social Issues, 11 (2), 204-220
Q’Quin, K. (1998), Job Satisfaction and Intentions to Turnover in Human Services Agencies Perceived as Stable and Non-stable, Perceptual and Motor Skills, 88(1): 339-344.
Simons, J. (1998), Despite Low Unemployment Layoffs Soar-Corporate Mergers and Overseas Turmoil are Cited as Causes – The wall street journal, P. AZ.
Sverke, M. and Hellgren, J. (2001), Exit, voice and loyalty reaction to job Insecurity: Do Unionized and Non-unionized Employees Differ? British Journal of Industrial Relations 39, 167-182.
Sverke, M., Hellgren, J. and Naswall, K. (2002), No Security: A Meta-Analysis and Review of Job Insecurity and Its Consequences, Journal of Occupational Health Psychology, 7, 242-264
Sverke, M. and Hellgren, J. (2002), The Nature of Job Insecurity, Understanding Employment Uncertainty on the Brink of a New Millennium. Applied psychology: An international Review 51, 23-42.
Uchendu, O.A. (2005), Banking Sector Returns and Bank Consolidation: the Malaysian Experience, Bullion, Publication of Central Bank of Nigeria, 29 (2).