Human Resource Management Practices and Employee Satisfaction in Microfinance Banks in Nigeria

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43912845" target="_blank" >RIV/62156489:43110/17:43912845 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.13164/trends.2017.28.23" target="_blank" >http://dx.doi.org/10.13164/trends.2017.28.23</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.13164/trends.2017.28.23" target="_blank" >10.13164/trends.2017.28.23</a>

Result language

angličtina

Original language name

Human Resource Management Practices and Employee Satisfaction in Microfinance Banks in Nigeria

Original language description

Purpose of the article: The role of microfinance banks (MFBs) in the growth and development of businesses in an emerging market such as Nigeria cannot be overemphasised. Implementing sound human resource practices can enable MFBs satisfy their employees and sustain competitive advantage. Methodology/methods: A purposive sample of 60 senior employees of 10 microfinance banks in Nigeria was used for this study. All the 60 questionnaires were returned but 59 were found usable for the analysis, accounting for 98.3% response rate. In analyzing our data, Pearson correlation, ANOVA, and multiple regression techniques were used. Scientific aim: The goal of this study is to investigate HRM practices and employee satisfaction in microfinance banks in Nigeria. Findings: The result shows that a significant positive association exists between human resource planning, training and development, employee compensation and employee satisfaction. However, an insignificant positive relationship exists between work environment and employee satisfaction. Only three out of the four hypotheses are supported. Conclusions: HRM practices are tools used by organisations to get the best out of their workers, thus, achieve superior business performance. The authors, therefore, recommend that organizations that want to remain competitive must ensure that various stakeholders are satisfied (including employees) by implementing a robust HRM practices.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50603 - Organisation theory

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Trendy ekonomiky a managementu

ISSN

1802-8527

e-ISSN

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Volume of the periodical

11

Issue of the periodical within the volume

28

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

13

Pages from-to

23-35

UT code for WoS article

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EID of the result in the Scopus database

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