Influence of Polytechnic Graduates Casualization on Organizational Commitment among Commercial Bank Employees for Sustainable Economic Development in South-West Nigeria

J.O. Omowunmi, I.B. Jimoh and O.A. Salako
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J.O. Omowunmi: Department of Public Administration
I.B. Jimoh: Office Technology and Management Federal Polytechnic Ilaro
O.A. Salako: Office Technology and Management Federal Polytechnic Ilaro

International Journal of Research and Innovation in Applied Science, 2024, vol. 9, issue 12, 57-63

Abstract: The casualization of workers has become a prominent trend in Nigeria’s commercial banking sector. This employment strategy entails hiring individuals on a contractual or temporary basis, omitting the essential benefits and job security associated with permanent employment. This trend has been driven by the imperative for banks in South-West Nigeria to reduce operational expenses and improve personnel management flexibility. Therefore, the study examined the influence of the casualization of Polytechnic graduates on the organizational commitment of commercial Bank employees for sustainable economic development in South-West Nigeria. The research employed a survey design, using convenient and random sample technique to collect data from fifty (50) staff who are polytechnic graduates of commercial banks in South-West Nigeria. Data was analyzed using product moment correlation and Multiple Regression methods. The results showed a significant correlation between employee dedication and employee satisfaction, with a p-value of 0.023, falling below the critical threshold of 0.05. The result indicates that both morale and casualization are interconnected in explaining the variation in employee’s commitment. The findings further revealed that casualization is not significant in predicting employees’ commitment with a p-value of 0.056. It was concluded that employee commitment is negatively impacted by casualization. Therefore, it was recommended that Southwest Commercial institutions in Nigeria should establish policies and initiatives that actively enhance the morale of their employees.

Date: 2024
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