STRATEGIC EMPLOYEE RELATIONS AND ORGANIZATIONAL SURVIVAL OF MONEY DEPOSIT BANKS IN RIVERS STATE

Authors

  • Charity Chinasa Njoku Ph.D Department of Office and Information Management, Faculty of Management Sciences, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria
  • Adisababa, Chimankpam Ihuoma Department of Office and Information Management, Faculty of Management Sciences, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria  

Keywords:

Strategic Employee Relations, Employee Engagement, Organizational Survival, Customer Base, Financial Health

Abstract

The study aimed at examining the relationship between strategic employee relations and organizational survival of money deposit banks in Rivers State. The objective of the study was to empirically determine how strategic employee relations, such as employee engagement and employee wellbeing relate with organizational survival of money deposit banks in Rivers State in terms of customer base and financial health. The study employed cross sectional explanatory survey research design. The population of the study comprised of twenty-four (24) money deposit banks operating in Rivers State (Source: Rivers State Corporate Affairs Commission, 2023). The sample size of this study consisted of the entire population of twenty-four (24) money deposit banks operating in Rivers State. Thus, the study was a census research. A total of ninety-six (96) copies of the questionnaire were distributed to the targeted respondents. In the end, the researcher was able to retrieve 82 copies of the questionnaire correctly filled (i.e 85% retrieval). The test of hypotheses was done using Spearman’s Rank Order Correlation Coefficient via the Statistical Package for Social Sciences (SPSS) version 20.0. The Spearman’s (rho) correlation was used to analyze the relationship between independent and dependent variables at P < 0.05 (two-tailed test). Drawn from the analysis of data carried out, the study revealed that strategic employee relations, such as employee engagement and employee wellbeing, has a significant positive relationship with organizational survival of money deposit banks in Rivers State, especially in terms of customer base and financial health. The study concluded that engagement and wellbeing of employees are key contributors to the survival and competitiveness of business organizations. Among others, the study recommended that money deposit banks and other businesses alike should set up recognition programmes for their employees, as this will motivate them to work harder in their job roles and in turn boost the competitiveness, performance, and survival of the organizations.  

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Published

2024-07-07

How to Cite

Charity Chinasa Njoku Ph.D, & Adisababa, Chimankpam Ihuoma. (2024). STRATEGIC EMPLOYEE RELATIONS AND ORGANIZATIONAL SURVIVAL OF MONEY DEPOSIT BANKS IN RIVERS STATE. BW Academic Journal, 1(2), 134–149. Retrieved from https://bwjournal.org/index.php/bsjournal/article/view/2039