ORGANIZATIONAL DOWNSIZING AND SURVIVORS’ PERFORMANCE: A STUDY OF FIRST BANK PLC.

Authors : Abayomı ADEOYE, Enitan LAWRENCE

Pages : 1-16

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Publication Date : 2021-02-25

Article Type : Research Paper

Abstract :Purpose-This research delves to investigate the association between organizational downscaling and survivor performance in the banking industry in Nigeria. This research draws on equity theory insert ignore into journalissuearticles values(Adams, 1963); and Herzberg`s two-factor theory insert ignore into journalissuearticles values(Herzberg, Mausner & Snyderman, 1959);. Methodology-The survey research design was adopted in conjunction with the non-probabilistic technique. 159 structured questionnaires were distributed and 132 insert ignore into journalissuearticles values(83%); were found usable for the analysis. The responses is measured in Likert type scales. Findings-Three hypotheses were tested, one divulges no relationship between technological advancement and survivor performance while career advancement opportunities and economic costs both have a relationship with survivor performance. Conclusion-The study thus recommends that managers involved in downsizing should display a high level of truthfulness, uprightness, candidness to ideas, and maintain a notch of unbiassed to both the survivors and those that are disengaged. The organization should likewise be transparent throughout the decision-making processes to everybody during the downscaling period. 
Keywords : Career advancement, Downsizing, Economic cost, Organization, Survivor