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Based on the assumption that the construct of self-esteem should acts as a major factor in the selfevaluation model and it’s often given a consideration whenever the objective is determining the nature of human behavior including the coping styles usually adopted by employees as a result of exposure to insecure job perception, this study extends on previous research by employing the use of Lazarus transactional stress theory and Korman social construction theory to present a research model which highlights employees self-efficacy as an antecedent of perceived job insecurity with employee’s self-esteem acting as a mediator in this relationship. To advance our line of theoretical reasoning, we elicit responses from a total of one hundred and fifty three (153) randomly selected bankers in four major Nigerian Banks to empirically prove that employee self-esteem represents a core construct whenever the objective is centered on reducing the perception of job insecurity from the perspective of job related efficacies. Specifically, two key findings were uncovered: 1) while increase in self-efficacy will directly lead to a significant increase in self-esteem, it will however lead to an insignificant decrease in perceived job insecurity. 2) An improvement in self-esteem exercises a direct, negative and statistically significant influence on perceived job insecurity. Hence, with the view that managers and practitioners can advance their course in reducing employee’s self-perceived job insecurity through self-efficacy by focusing on improving selfesteem, we conclude by proposing relevant personality based interventions in addition to those organizational and institutional based interventions which may be employed in advancing this course.

The Effect of Self Efficacy on Perceived Job Insecurity in the Nigerian Banking Industry: the Mediating Role of Employee Self Esteem