UNDERSTANDING LEADERSHIP STYLES ON JOB PERFORMANCE IN CENTRAL BANK OF NIGERIA: A PERIODICAL REVIEW

Abstract

The study evaluates leadership styles and job performance. It establishes whether or not there is a relationship between leadership styles and job performance in an organisation using Central Bank of Nigeria taking scope of between 2000 and 2009. One of the basic problems in CBN influencing job performance with leadership styles and reward system was the unwillingness of leaders to apply effectively these motivational traits to subordinates. The objectives of the study were to examine the impact of leadership style on employee satisfaction and determine the reward system that could be directed to improve satisfaction and performance in the organisation. Two hypotheses were tested –the relationship between leadership style andemployees satisfaction in CBN, and reward system significance with employees performance in CBN. A sample size of 2016 was drawn from the population of 250 employees using Taro Yamani statistical formula. The study made some landmark findings; one of them is that there is a relationship between leadership style attitudes and employees satisfaction towards performance in CBN whichis positively weak. This implies that leadership styles alone promote job performance slowly. The study recommends that it is necessary to depend on situational leadership style and the tasks or activities should determine the styles of leadership to be adopted. Also, the reward system has a positive relationship with the employee's performance. Recommendations were raised towards a better and consistent application of situational leadership style as well as reward system towards enhancing commitment and achieving organizational goals in CBN.