CAREER DEVELOPMENT AS A DETERMINANT OF ORGANIZATIONAL GROWTH: MODELLING THE RELATIONSHIP BETWEEN THESE CONSTRUCTS IN THE NIGERIAN BANKING INDUSTRY

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CAREER DEVELOPMENT AS A DETERMINANT OF ORGANIZATIONAL GROWTH: MODELLING THE RELATIONSHIP BETWEEN THESE CONSTRUCTS IN THE NIGERIAN BANKING INDUSTRY

Abstract

Background: Career development is argue to be “an ongoing, formalized effort” engage by organizations in enriching the organization’s human resources in alignment with employees’ and the organization’s needs. Methods: A sample was drawn from First City Monument Bank (FCMB) with two hundred and sixty five respondents. SPSS was used to analyze demographic characteristics of the respondents, while AMOS 21 was adopted for the Structural Equation modeling of the survey model. Results: Many of the associations between the tested variables were strong and positive. However, all the tested independent variables such as reward, recognition, skills, promotion had positive impact on organizational growth, while experience had negative impact. Conclusion: Results support the literature, in terms of the relationships between independent and dependent variables with the exception of experience, which had negative impact on organizational growth. Therefore, management should employ better strategies in retaining their experienced employees, which tends to effect on the organizational growth.

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