Effect of Career Planning on the Employee Job Satisfaction of Deposit Money Bank in Enugu State

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Effect of Career Planning on the Employee Job Satisfaction of Deposit Money Bank in Enugu State

Luka Sunday1, Prof. Okechukwu, Elizabeth Uzoamaka2, & Prof. Chris C. Orga3
123Department of Business Administration, Enugu State University of Science and Technology

The study investigated the impact of career planning on employee job satisfaction in Deposit Money banks in Enugu State. The specific objectives were to examine the influence of self-development on job security and evaluate the effect of retirement planning on employee salaries in Deposit Money Banks. The study was conducted in Enugu State using a descriptive survey design approach, with the primary data source being questionnaires. The sample size was determined to be 278 based on Freund and William’s statistical formula with a 5 percent margin of error. A total of 227 staff members returned accurately filled questionnaires, resulting in an 81 percent response rate. Data were analyzed using mean scores, standard deviation, and the Sprint Likert Scale. Hypotheses were tested using the Z-test statistical tool. The findings revealed that self-development significantly and positively influenced job security (Z = 5.177, p < 0.05) and retirement planning significantly and positively influenced employee salaries in Deposit Money Banks (Z = 6.986, p < 0.05). The study concluded that self-development and retirement planning have significant positive effects on job security and employee salaries in deposit money banks in Enugu State. The study recommends, among other things, that organizations should ensure job security through appropriate agreements or methods to enhance employee commitment towards achieving organizational objectives.ABSTRACT
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Keywords: Career Planning; Employee Job Satisfaction; Self-Development; Retirement Planning; Deposit Money Bank

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Sunday, L., Okechukwu, E. U. & Orga, C. C. (2023). Effect of Career Planning on the Employee Job Satisfaction of Deposit Money Bank in Enugu State. Global Journal of Finance and Business Review, 6(3), 35-49. DOI: https://doi.org/10.5281/zenodo.8312757
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