Abstract

This study examined the influence of individual factors (demographic variables, self-efficacy beliefs and personal growth initiative) on career growth prospects within the context of radical organizational changes such as downsizing, mergers and acquisition. Data were collected using the questionnaire method from 199 employees in branches of a commercial bank located in a major city in South-Western Nigeria. Results of the simple multiple regression analysis showed that educational attainment (? = -.15, p < .05), tenure in the banking sector (? = -.41, p < .01), basic monthly income (? = .46, p < .001) and job status (? = .34, p < .01) are significant demographic factors in career growth prospects. The analysis of covariance which controlled for covariates revealed significant differences in the career growth prospects of employees with low levels of self-efficacy and those with high levels – in favor of the latter. In contrast, high or low levels of personal growth initiative resulted in comparable levels of career growth prospects. Self-efficacy beliefs and personal growth initiative interacted significantly to affect career growth prospect such that greater levels of career growth prospect was expressed irrespective of whether an employee is high or low on personal growth initiative when self-efficacy belief is high. Implications of findings are discussed.

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