Open AccessTHE KEY FACTORS INFLUENCING BANK EMPLOYEES’ PERFORMANCE DURING PANDEMIC COVID-19: AN INVESTIGATION ON SELECTED BANKS IN MALAYSIA
Author(s) -
Andrew Sija
Publication year - 2021
Publication title -
european journal of human resource management studies
Language(s) - English
Resource type - Journals
ISSN - 2601-1972
DOI - 10.46827/ejhrms.v5i1.1010
Subject(s) - compensation (psychology) , covid-19 , business , pandemic , compensation of employees , marketing , financial compensation , key (lock) , training and development , actuarial science , psychology , economics , management , computer science , medicine , disease , pathology , infectious disease (medical specialty) , computer security , psychoanalysis
The COVID-19 pandemic could be the most serious challenge to financial institutions and impacts on bank employee’s performance. While the full impacts are yet to be determined. The aims of this study are to identify and justify the three key factors (compensation and benefits, employee recognition, training and development) used were significant contributor towards banking employee performance of all selected banks in Malaysia. This study used survey questionnaires which systematically conducted through online Google survey form to obtain data and information from the respondents of all selected banks. There were about 100 banking employees from the selected banks, and only 82 completely responded to the survey. The study identified four (4) hypotheses which are tested using statistical technique SPSS version 26. The quantitative research system is embraced, and it was more proper. It is considering a few variables incorporates comfort, timing and costs related during pandemic time. Based on rigorous reviewing of the literature, instrument designing and subsequent pilot testing, the outcome revealed that training, recognition and compensation have significant relationships with employee performance. The finding further showed employee recognition is the most closely associated stronger predictor in banking employee performance with unstandardized coefficients Beta value of 0.409 absolute larger than the other two variables, which were 0.308 and 0.128 for compensation and benefits, and training development respectively. The most significant contribution of this study is that it explores for the first time the investigation of key factors influencing banking employee performance during pandemic Covid-19. The study also contributes both on theoretical and empirical value to the banks in gaining competitiveness, retain employee talent and adjusting performance review process for more flexible goal setting in future.
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