EFFECTS OF HUMAN RESOURCE MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE IN SELECTED DEPOSIT MONEY BANKS IN OYO TOWN, NIGERIA
), Paul A AKANBI(2),
(1) Department of Business Administration, Ajayi Crowther University, Oyo, Oyo State, Nigeria
(2) Department of Business Administration, Ajayi Crowther University, Oyo, Oyo State, Nigeria
Corresponding Author
Abstract
This study examines the effects of Human Resource Management (HRM) Practices on Organizational Performance in Selected Deposit Money Banks in Oyo Town, Nigeria. The investigation focuses on five critical HRM dimensions: recruitment and selection, training and development, performance appraisal, rewards and compensation, and employee participation. The study adopted a quantitative research design and utilized a structured questionnaire to collect data from 102 employees across five major banks. Findings revealed that HRM practices jointly and individually have significant positive effects on organizational performance, indicating that effective HRM implementation enhances productivity, employee satisfaction, and customer retention. The study concludes that strategic HRM practices contribute substantially to the competitiveness and sustainability of banking institutions in developing economies. Recommendations are made for continuous professional development, transparent performance appraisal systems, and inclusive participation frameworks to strengthen employee engagement and drive long-term organizational success.
Keywords
Human Resource Management, Recruitment, Training, Development, Employee Participation
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