CAREER DEVELOPMENT METRICS AND EMPLOYEE MOTIVATION OF PFAs IN NIGERIA
Omolabi, Issa PhD.; Ishola, Abdulrasaq Ajadi & Olabanji, Olayide Abimbola
Abstract
The nexus between career development and employee motivation cannot be over emphasized as the era of using financial means to get the attention of the employees has long expired. The emerging trend is for the organisation to create an enabling platform for the employees to grow in their career. This alone can stimulate the staff to perform better and thus facilitate the effective efficient achievement of pre-set organizational goals. It is this nexus that this paper explored among the employees of Pension Fund Administrators (PFAs) in Nigeria. This relationship was proved using a survey design with 4983 staff of the 22 pension Administrators in Nigeria as at December 2020. From the population, a sample of 370 respondents were selected using Taro Yemane sample size formula. With a structured questionnaire, primary data were collected and analysed with a multiple regression analysis. The study found that that the coefficient values for all the career development metrics positively and significantly influence employee motivation of PFAs in Nigeria. It thus concluded that career development metrics have significant effect on employee motivation of PFAs in Nigeria. The paper therefore recommended that career advancement systems which are linked with performance levels since rewards in terms of career growth and promotion opportunities have an effect on employees’ job related attitudes.