Effects of Reengineering in Banks on Employees Perception of Job Security

Banks in Nigeria are passing through a process of reorganizing how works are done in their organization with the aim of becoming more efficient and effective. This paper examines employees' perception of job security in response to re-engineering or technological changes in Banks. A job insecurity scale was use to measure employee perception to job insecurity. The scale was adapted from Ashford, Lee and Bobkos (1989) job insecurity scale and standardized by the researcher for the purpose of this research. A total of 150 participants (86 males and 64 females) were randomly drawn from two head office branches of Spring and Wema banks (Plc) respectively. Four hypotheses were tested. Findings revealed that there was no significant effect of re-engineering on perception of job insecurity among banks employee. Significant relationship was, however, observed between age and job insecurity of employee, there was also significant effect of job status on job insecurity. The result also revealed a significant effect of gender on perception of job insecurity among bankers. The implication of these findings is that when worker have a good understanding of the process of reengineering through proper education that it does not connote job loss. This study has shown that some negative attitude display by worker in an organization were largely due to lack of proper education by management.