PERFORMANCE APPRAISAL, CAREER DEVELOPMENT AND WORKPLACE SPIRITUALITY: AN EXPLORATION IN NIGERIAN DEPOSIT MONEY BANKS

Workplace spirituality as a strategic HRM tool in high-performance sectors has emerged as a critical factor influencing organizational outcomes, particularly in performance appraisal and career development. This study examines the role of workplace spirituality in shaping fair and effective performance appraisal systems and fostering career growth within the deposit money banks (DMBs) in South-West Nigeria. Drawing on theoretical frameworks such as Social Learning Theory and the Spiritual Leadership Model, the study explores how spiritual values - such as meaningful work, a sense of community, and alignment with organizational values - enhance career progression. Using a descriptive survey research design, data were collected from 516 financial sector employees across different hierarchical levels in the DMBs in South West Nigeria. Descriptive statistics was used to have insight to the perception of DMBs employees about workplace spirituality, performance appraisal satisfaction, and career development opportunities, while qualitative insights provide depth into employees' experiences. Findings revealed high level of performance appraisal satisfaction and career development opportunities in DMBs in South-West Nigeria. The study recommended integration of spiritual values into performance appraisal and career planning processes that can improve organizational commitment and reduce turnover. It also recommended that the performance appraisal system should be improved regularly and DMBs should expand career development opportunities, actively promote workplace spirituality that fosters a culture of fairness, enhances job satisfaction, and contributes to long-term career success.