Effect of Threat of Job Loss on the Communication of Contract Staff of Deposit Money Banks in Enugu State

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• March 30, 2024
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Nwenekorum, F. K., Dieke, C. C., & Udeh, I. E.
Department of Business Administration, Enugu State University of Science and Technology, Nigeria

Abstract This study examined the effect of threat of job loss on the communication of contract staff of deposit money banks in Enugu State. The specific objectives of the study are to; examine the effect of downsizing on the message of contract staff and evaluate the effect of resignation on the feedback of contract staff of deposit money banks in Enugu State. The area of the study was Enugu state, Nigeria. The study used the descriptive survey design approach. The primary source of data was the administration of questionnaire. The population of the study consisted of three hundred and seventeen (317) contract staff of selected banks in the state. The whole population was used due to small number. Two hundred and seventy-four (274) staff returned the questionnaire and accurately filled. Data was presented and analyzed by mean score and standard deviation using Sprint Likert Scale. The hypotheses were analyzed using Z – test statistic tool. The findings indicated that Downsizing had significant positive effect on the message of contract staff, Z (95, n = 273), 6.461 < 9.684, P. > .05 and Resignation had significant positive effect on the feedback of contract staff of deposit money banks in Enugu State Z (95, n = 273), 5.144 < 9.366, P. > .05. The study concluded that Downsizing and Resignation had significant positive effect on the message and feedback of contract staff of deposit money banks in Enugu State. The study recommended among others that the bank policy makers should carefully address the factors that contribute to job insecurity, have training procedures and educate employees as work polices are becoming more dynamic with new technologies. Keywords: Job Loss; Communication; Contract Staff; Deposit Money Banks; Enugu State Citation: Nwenekorum, F. K., Dieke, C. C., & Udeh, I. E. (2024). Effect of Threat of Job Loss on the Communication of Contract Staff of Deposit Money Banks in Enugu State. African Journal of Current Research, 5(1), 19-33 https://doi.org/10.5281/zenodo.10896610