Effect of Human Resource Management Practices on Job Satisfaction: An Empirical Investigation of Nigeria Banks

This research paper investigated the effect of HRM practices on job satisfaction among Nigerian banks staff. The current study used five HRM practices such as compensation practice, supervisory role practice, promotion practice, training practice and performance evaluation practice. Self-designed structured questionnaire was used to collect data from respondents. Purposive sampling was employed to select six (6) banks while simple random sampling method was used to select ten (10) respondents from each bank totaling sixty (60) as sample size from their head office in Lagos. Multiple regression was used to analyze the data in order to determine the effect of HRM practices on job satisfaction and the result revealed that compensation practice, promotion practice, training practice and performance evaluation have positive effect on job satisfaction among Nigerian banks staff but only supervisory role practice has inverse effect on job satisfaction. The current study revealed that performance evaluation performance is most important factor for creating satisfaction among employees in Nigerian banks. The paper recommended that bank authorities should encourage mentoring to be enhanced and there should be adequate training in the area of employees’ specialization through seminars and conferences in and out-side the country and also compensation and promotion should be improved as well.