IMPACT OF REDUNDANCY ON SURVIVING EMPLOYEES A STUDY OF SELECTED BANKS IN NIGERIA
IMPACT OF REDUNDANCY ON SURVIVING EMPLOYEES A STUDY OF SELECTED BANKS IN NIGERIA
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Date
2012-09
Authors
LADAN, Sahnun
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Abstract
This study examines the impact of redundancy on survivours in Nigerian banking
industry as it continues to restructure and downsize its workforce. The extent of
this on survivours can seriously affect their productivity and thus have an adverse
effect on the Banks performance. This study is therefore predicated on the nude
factors responsible for survivours reactions and its implications on their
performance. . Both primary and secondary data were used for the study through
the use of interview and the administered questionnaire to the respondents that is
the surviving staff after redundancy. The data collected were analysed using
percentages and Pearson r chi-square to test the hypotheses. The study finds that
there is a negative impact of redundancy on survivours as a result of the
procedure, notification and aftercare of the leavers by the Nigeria banks. These
affect their morale and motivation but have little implication on loyalty and
commitment. The study recommends that organizations should give attention to
survivours reaction at any point in time to avoid high labour turnover and instill
confidence in the remaining staff by being fair in handling redundancy problems
and adequate notification should be available where redundancy is necessary.
Description
Being M.Sc Thesis Submitted to the School of Postgraduate Studies, Ahmadu Bello
University Zaria, in partial fulfillment for the award of degree of Master of Science
in Business Administration, Department of Business Administration, Faculty of
Administration, Ahmadu Bello University Zaria
Keywords
IMPACT, REDUNDANCY, SURVIVING, EMPLOYEES, STUDY, SELECTED BANKS, NIGERIA.