INTERNAL CORPORATE SOCIAL RESPONSIBILITY AND EMPLOYEES’ PERFORMANCE IN SELECTED DEPOSIT MONEY BANKS INAKURE METROPOLIS, ONDO STATE, NIGERIA

ABSTRACT There is dearth of evidence in literature about the significant effect of internal corporate social responsibility on employee’s performance, especially in Deposit Money Bank Sector, in the the Nigerian context. This study investigated the effect of internal CSR om employee’s performance in selected Deposit Money Banks in Ondo State, Nigeria. The specific objectives investigated in this study were to determine the effect of skill development, working condition, empowerment, and employment security on employee’s performance in selected Deposit Money Banks in Ondo State, Nigeria. A cross-sectional research design was adopted for the stud. From a population of 1,258 a sample size of 303 was selected via Yamane’s formula for determining sampling proportion. Primary data were collected using questionnaire as an instrument of data collection. Data collected were analysed using descriptive and inferential statistics. The findings of the study revealed that internal CSR had a positive and significant on employee’s performance in selected Deposit Mone Banks in Ondo State, Nigeria (R2 = .384, F-value = 9.133, and p-value = 0.001). In addition, the findings revealed that skill development had significant effect on employee’s performance (β = 0.256, t = 4.535, and p-value = 0.000), working condition had significant effect on employee’s performance (β = 0.133, t = 3.263, and p-value = 0.001), empowerment had significant effect on employee’s performance (β = 0.104, t = 2.540, and p-value = 0.009), and employment security had significant effect on employee’s performance in selected Deposit Money Banks in Ondo State, Nigeria (β = 0.243, t = 1.543, and p-value = 0.001). The study concluded that there existed a significant and positive relationship between internal corporate social responsibility on employee’s performance in selected Deposit Money Banks in Ondo State, Nigeria. This is an indication that an investment in internal organisational practices towards employees serves as significant determinant of positive performance outcome. It is recommended that organisations should intensify efforts in promoting internal corporate social responsibilities beyond normal contractual terms and conditions so as to enhance positive attitudinal and behavioural outcomes at both employee and organisational levels.