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Social sustainability business practices and organisational performance in Nigerian banks

Author

Listed:
  • Oyewo Babajide Michael

    (University of Lagos, Nigeria)

  • Iredele Oluwamayowa

    (University of Lagos, Nigeria)

  • Azuh Akunna

    (Covenant University, Ota, Nigeria)

Abstract

This study examines employee involvement in organisational affairs as an important facet of social sustainability in the Nigerian banking sector, because providing good customer service requires committed employees rather than coerced labour. Data extracted through quantitative content analysis from the financial reports of fifteen commercial banks were analysed using descriptive statistics, Z test, one-way ANOVA, correlation and regression analysis techniques. ?e study found that employee involvement correlates positively and significantly with organisational performance; and banks differ in performance on the account of the level of employee involvement; firms with deeper level of employee involvement performed better than others with shallow level of employee involvement, thus stressing the relevance of employee involvement as an aspect of social sustainability business practices. Organisations are enjoined to involve their employees more to achieve better results; and embrace the modern philosophy of regarding employees as strategic resources that can be used to bolster core competence.

Suggested Citation

  • Oyewo Babajide Michael & Iredele Oluwamayowa & Azuh Akunna, 2018. "Social sustainability business practices and organisational performance in Nigerian banks," Journal of Human Resource Management, Comenius University in Bratislava, Faculty of Management, vol. 21(1), pages 43-57.
  • Handle: RePEc:cub:journl:v:21:y:2018:i:1:p:43-57
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    More about this item

    Keywords

    employee involvement; global reporting initiative; organisational performance; Nigeria; sustainability;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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