Human Resource Management Practices and Employees’ Professional Development in Selected Money Deposit Banks in Osun State, Nigeria

Abstract

The broad objective of this study was to examine the influence that Human Resource Management Practices (HRMPs) have on the performance and overall development of selected money deposit banks' employees in Osun State, Nigeria.

Primary data was quantitatively collected from 125 employees of the banks with the aid of a structured questionnaire and analysed using SPSS 21; specific analyses carried out include percentages, means, standard deviations (SD) and ANOVA.

Results showed a high-level correlation between HRMP adoption and the development of banks' employees studied (r = .720). The model indicated that substantial total variance in the banks' employees' performance (51.8%), culminating in their personal and professional development, was explained by the human resource management practices the banks engage in (R2 = .518, p < .05). Of all the HRMPs considered, performance appraisal, training and development, and job security in descending order were the most significant HRMPs (all at p < .05).

In conclusion, appropriate and effective HRMPs were found to be fundamental to developing the needed human resources within the banks for enhanced employee overall performance and organisational continuity.