EMPLOYMENT CASUALIZATION IN NIGERIAN BANKS AND ITS IMPLICATION ON HUMAN RESOURCE MANAGEMENT PRACTICES
Keywords:
Casualisation, Employees, Human Resource Management practices, Nigerian BanksAbstract
The research investigated the phenomenon of Employment Casualization in Nigerian Banks and analysed its impact on Human Resource Management. This research was centred on and had a particular interest in the banking business. The aim of this study is to investigate the causes of casual employment, propose solutions to eliminate the casualization of workers in Nigeria, identify the effects of casualization on Human Resource Management, and analyse the attendance outcomes of casualization on workers and organisations. The article used secondary data for their investigation. Casualization in Nigeria is a consequence of various factors, including globalisation, capital mobility, labour market deregulation, trade liberalisation, technological change, outsourcing, unemployment, poverty, a growing population of young people and school leavers, and the profit-driven behaviour of banks, industries, and all sectors of the nation. The study identified several consequences of casualization on human resources management, including deskilling, insufficient compensation, which have negatively impacted employee morale, commitment, and overall productivity. Other effects include high employee turnover, reduced trade unionism, increased hiring costs for employers, and a lack of employee engagement. The research found a correlation between the casualization of work and poor income, job instability, lack of engagement, and lack of employee commitment. The casualization of employment also promotes a significant amount of fraud among these workers, since they lack any vested interest or job security to safeguard. The research suggests that the Minister, Senator Chris Ngige's statement at the one-day public hearing on three labour laws, declaring that "it is now necessary to put an end to all forms of casualization in every sector of the Nigerian economy," should be put into action.