Exploring the Impact of Strategic Human Resource Management Variable (Innovation) on the organizational performance of Commercial Banks in Nigeria

Otosi F. Bassey1, Adie A. Emmanuel2, Faithpraise Fina O3 and Ubi Ije4

1Business Management, Faculty of Management Sciences, University of Calabar, Nigeria
2Biomedical Engineering, Kampala International University, Uganda
3Computer Engineering, Faculty of Engineering and Technology, University of Calabar, Nigeria
4Business Management, Faculty of Management Sciences, University of Calabar, Nigeria

Corresponding author Email: ffaithpraise@gmail.com

ABSTRACT
The transformative potential of Strategic Human Resource Management (SHRM) elements, specifically focusing on innovation, and its dramatic impact on the performance of commercial banks in Nigeria are the topic of this article. This is an era of rapid technological breakthroughs and rising competition. The goal of the study is to understand how strategic HR practices can support innovation and how that innovation then affects key performance metrics in the Nigerian banking industry. Using a straightforward random sampling technique and a descriptive survey design, the study selected 388 participants at random from the 97,026 commercial bank employees in Calabar Metropolis, Cross River State, who make up the entire population. A standardized questionnaire with a five-point Likert scale that was self-administered was used to gather the data. To evaluate the hypotheses, the data were examined using multiple linear regression analysis, hierarchical analysis, and mean rating. According to the research, innovation significantly impacted commercial banks’ performance management. Therefore, in order to eliminate the arcade mentality among employees, it was advised that human resource managers in banks always try to use innovative techniques for educating and retraining staff members.
Keywords: Strategic human resource management, commercial banks, innovation, performance, talent acquisition organizational culture.

CITE AS: Otosi F. Bassey, Adie A. Emmanuel, Faithpraise Fina O. and Ubi Ije (2024). Exploring the Impact of Strategic Human Resource Management Variable (Innovation) on the organizational performance of Commercial Banks in Nigeria. IDOSR JOURNAL OF CURRENT ISSUES IN ARTS AND HUMANITIES 10(1):34-42. https://doi.org/10.59298/IDOSRJCIAH/2024/101.3442004