STABILITY OF TENURE AND EMPLOYEE PRODUCTIVITY: A STUDY OF MICROFINANCE BANKS IN ANAMBRA STATE

Abstract

The Research assessed the impact of Stability of Tenure and Employee Productivity within the context of Microfinance Banks in Anambra State, Nigeria. The study identified challenges such as limited startup capital, ineffective management strategies, inadequate personnel management approaches, and insufficient technical expertise as problems that have hindered the effects of stability of tenure on Employee Productivity in Microfinance Banks. In response, this research aimed to investigate the impact of Job Security on Employee Commitment and explore the relationship between Career Progression and Employee Loyalty within Microfinance Banks in Anambra State, Nigeria.

This study was grounded in the internal theory of Labour Turnover by Alan Cumming (1980). A survey research design was adopted, utilizing Taro Yamane's formula to determine the sample size from a population of 370. Pearson’s Correlation was employed to test the hypotheses. The findings indicated a significant positive correlation between Job Security and Employee Commitment, as well as a significant positive correlation between Career Progression and Employee Loyalty within Microfinance Banks in Anambra State, Nigeria.

In conclusion, the study underscored a strong positive link between Job Security and Employee Commitment, as well as a positive connection between Career Progression and Employee Loyalty in Microfinance Banks in Anambra State, Nigeria. The research recommended a consistent review of institutional policies to enhance job security for employees and the creation of supportive structures to encourage career advancement within Microfinance Banks in Anambra State, Nigeria.