EFFECT OF JOB PROMOTION ON EMPLOYEES’ PERFORMANCE IN SELECTED DEPOSIT MONEY BANKS IN SOUTHWEST NIGERIA

Abstract

This study examines the effect of job promotion on employees’ performance in selected deposit money banks in Southwest Nigeria. Performance is represented as a distribution of outcomes achieved and it could be measured by using a variety of parameters which describe an employee's pattern of performance overtime. A survey research methodology was used in this study. A stratified sampling technique and simple random sampling techniques were used as sampling techniques, and the sample size was determined using Slovin’s Formula with a sample size of 984 was used in this study. A questionnaire was used as the research instrument. Data analysis was done using the Statistical Package for Social Sciences (SPSS). The finding revealed that job promotion has weak positive and statistically significant relationship with employee performance of the selected DMBs in South-west Nigeria (R = 0.315, p<0.05). The results of ANOVA (overall model significance) of regression test which revealed that Job promotion has a significant influence on employee performance of the selected DMBs in South-west Nigeria. This can be explained by the F-value (107.879) and low p-value (0.000) which is statistically significant at 95% confidence interval. The study recommends that banks and financial institutions should implement a performance-based promotion system that links promotions directly to employees' achievements, skills development, and contributions to the organization.