Submit your papersSubmit Now
For Enquiries: [email protected]
IIARD LogoIIARD

Salesforce Recruitment and Commercial Banks’ Sales Growth: A Study of Fidelity Bank Plc

Prof. Aham Anyanwu, Assoc. Prof. Umeh C. I. & Nebo Okwudili G.

Abstract

This study appraised the effect of salesforce recruitment on commercial banks’ sales growth in Nigeria with specific reference to Fidelity Bank of Nigeria. Survey research design was adopted in conducting this study because the study involved collection of data through questionnaire administration. A census of the top management staff of Fidelity bank at its corporate headquarters was conducted to select a total of 40 top management staff as sample respondents for the first segment of the population. Also, census of the sales and customer service staff of the bank in its main branches in the five capital cities in South East geo-political zone was conducted to select a total of 100 respondents for the second segment of the population. These two sets of the bank’s staff served as sample respondents for the study and two sets of questionnaires were administered to them. For the first set of respondents, out of the 40 questionnaires administered all of them were filled and returned. For the second segment of the respondents, all the questionnaires administered were filled and returned. The research instruments were tested for validity and reliability using Alpha Cronbach. The data collected were first analysed using descriptive statistic (mean) while the hypotheses stated were tested for acceptance or rejection using the multiple regression statistical technique to explain how typical values of dependent variables under study change when any of the independent variables is altered. The “t” test statistic (individual test) was used to measure the degree of percentage contribution of any one independent variable on each of the dependent variable under study. Based on the analysis of the data collected, salesforce recruitment and selection have moderate positive effect on commercial banks’ sales growth. Based on the findings, the following recommendations were made; review the current sales force recruitment and selection policies of commercial banks to ensure that only s

References

Achison, C. B. (2000). Industrial marketing (Analysis, strategy and practice), Enugu: Precision printers and publishers. Adams, J. S. (1963). Toward an understanding of equity Journal of Abnormal and Social Psychology, 67 422 – 434. Ahukannah, L. I. and Ugoji, E. I, (2008), Guide to Research in Business Studies and Education, Owerri, Polytechnic Publishers Ltd. Aigberemolem and Aigberemolem 2004 Marketing Banking Services in Anyanwu A. (2000), Research Methodology in Business and Social Science, Owerri, Canun Publishers Anyanwu A. (2016), Research Methodology in Business and Social Science, Owerri, Canun Publishers. Armstrong, M. (2006). A Handbook of Human Resource Management practice. 10th ed. Great Britain: Cambridge University. Burke, J. (2010). Disciplines of success. American Agents & Broker 82 (11) 26-27. Catano, V. M. Wiesner, W. H. & Haekett, R. D. (2010). Recruitment and selection in Canada (5th ed) Canada: Nelson Education Ltd. . Chidi, O. C. (2013). “Recruitment practices and performance of umonized organizations in the Food, Beverage and Tobacco industry in Lagos state, Nigeria,” Interdisciplinary Journal of contemporary Research in Business, Vol. 5, No. 6. Ebue B. C. 2007, Marketing Communication. Enugu, John Jacob's Classic Publishers Limited. Egbulonu K. G. (2007), Statistical Inferences for Science and Business, Peace Publishers. Ekwoba, J. O. Ikeije, U. U. & Ufoma, N. (2015). “The impact of recruitment and selection criteria on organizational performance”, Global Journal of Human Resource Management Vol. 3, No. 2. Ezeali, B. O. & Eseagu, L. N. (2010). Public personnel management: Human capital management strategy in the 21st century. Onitsha: Book point limited. Ezejelue, A. C. Ogwo, E. O. and Nkamnebe, A. D, (2008), Basic Principles in Managing Research Projects, Aba, Afritowers Ltd. Feng, T., Zheng, L. Jin, Y., Wang, D. & Zhao, S. (2007). CPL test result analysis of management cadres on private enterprise, Chinese Journal of clinical psychology vol. 15 (3) June 2016, 261 – 262. Fidelity Bank PLC (2013). Our History Retrieved Feb. 1, 2017 from http://www.fidelitybank.com.gh/investor-relations/ourhistory/asp/ Izueke, E. M. (2009). Strategic human resources management in the Nigeria public service and the Millennium Development Goals (MOGs): The nexus Nigeria Journal of public Administration and Local Government, xiv (182). Kotler P. 2000 Marketing Management. New Jersey Prentice Hall. Kotler, P. & Armstrong, G. (2012). Principles of Marketing (14th ed), New Jersey: Prentice Hal Inc. Nebo G. O. 2004 Sales Management: Strategic and Systematic Approach. Owerri, Nat ion- Wide Printing and Publishing Co. Limited. Nigeria. Lagos, The CIBN Press Limited. Nkwocha, P. C. (2007), Educational Research Process Made Easy. Umuahia. Okafor A. I. 1996 Sales Management: The Total System Approach Onitsha. Baset Priming and Publishing Co. Limited. Uduji,J.I. & Onwumere, J.U. (2013). Impact of effective salespeoples recruitment and selection on sales performance in brewery firms in Nigeria, Enugu: IOSR journal of business and management, Vol.3, No.6, 2013. Union Bank of Nigeria (2015). Our History Retrieved Feb. 1, 2017 from https://www.unionbankng.com/investor-relations/our history/ University of Ireland. (2006). Recruitment and selection procedures. Maynooth, Ireland: National University of Ireland. Unwin, K. (2005). Recruiting knowledge workers. HRM review, 5(10), 5-9 Vyas, A. M. (2011). Human resource recruitment in India: Critical role of online recruitment system, 1 (6), 1- 4. Wiley Brand Publications Ltd, USA. Wright, P. M., Gardner, T. M. Moynihan, L. M. & Allen, M. R. (2005). The relationship between HR practices and firm performance: Examining causal order. personnel psychology, 58(2), 409-47. Yamane, T. (1967). Statistics: An introductory analysis, 2nd Edition, New York: Harper and Row. Zottoli, M. A. & Wanous, J. P. (2000). Recruitment source research: Current status and future directions. Human resource Management Review, 10 (4), Pp. 353-382.

More Articles from IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT