Who's Next for the Axe? Procedural Justice and Job Insecurity among Bankers in Nigeria

This study examined procedural justice as a predictor of perceived job insecurity in the banking industry. Two hundred bankers (both male and female) were purposively drawn from Ado-Ekiti in the South West of Nigeria. Two hypotheses were tested in the study. Results showed that procedural justice had a significant positive relationship with perceived job insecurity (r = 0.39; P<.05). Social factors of sex, job status, type of department, age, work experience did not jointly predict perceived job insecurity among bankers, F (5,199) = 2.22, P > .05, R2 =.03. Findings also showed that sex, job status, age and work experience did not independently predict perceived job security among bankers. Meanwhile, type of department (β = 0.19, t = 4.03; P < .05) significantly, independently predict perceived job insecurity among bankers. Thus, it is recommended that the procedures for downsizing in the banking sector must be clearly spelt out and its implementations must be without favoritism or bias. This will go a long way in making the affected staff take the news of downsizing as a necessary cross to carry in nation building.