The Role of Strategic Human Resources Management in Merger and Acquisition in Access Bank Nigeria II

Abstract

This research study investigates the role of SHRM in M&As in Access bank, Nigeria during its mergers and acquisitions (M&A) in 2019. It further explores the relations, and factors impacting both SHRM and M&As. It further explores employees’ retention (EI), integration (I) and effective communication (EC) being the components of SHRM and organizational outcome (OO), being the component of M&As respectively.  It also explores how the aim and goals of research align with the developed conceptual framework in the model hypotheses in literature. Likert-scale questionnaires were developed from Google form and administered to 226 participants.  The collected data is analyzed by SPSS tool and excel and are interpreted, through correlation analysis and hierarchical multiple regression analysis. Thus, the findings and results demonstrate significant association between the independent variable - I, ER, EC, and dependent variable - organization outcome.  20.4% variance in outcome is accounted for integration - the percentage explains or predicts how well integration is carried-out, while the inclusion of employee retention and effective communication accounted for 26.5% and 38.7% variance in outcome respectively. With EC being the most influential of the three, and how well a company keeps it employees is explained by 26.5%. Correlation results in section 1.11.1 and 1.11.2 support each other with no direct contradiction between non-collinearity tests and correlation analysis, while the moderate correlation demonstrates significant association thus, making allowance for reliance and meaningful contributions of each variable in the model. In conclusion, significant input is made in literature and further study underscores the importance of improved SHRM strategies and innovativeness.