Abstract
This paper examines the effect of perceived inequality and perceived job insecurity on fraudulent intent of bank employees in Nigeria. A total of 170 participants were used for the study. They were selected from five branches of commercial banks in Ado-Ekiti, Ekiti state, Nigeria. Perceived inequality was measured using the perceived inequality in work scale (Corey and Keyes, 1998), while perceived job insecurity was measured using the job insecurity scale (Ashford et al., 1980). Fraudulent intent was measured using a self developed scale. Results reveal that perceived inequality and perceived job insecurity have a significant effect on employee fraudulent intent.
Highlights
There are several types of behaviour that employees engage in that are detrimental to the organisation
In an article entitled “Retaliation in the workplace: The role of distributive, procedural and international justice”, Skarlicki and Floger (1997) investigated the relationship between organisational justice and retaliation behaviour. They discovered that when employees perceived inequality in workplace they tended to engage in retaliation behaviour
Another variable that may lead to counterproductive work behaviour such as fraud is the perception of job insecurity
Summary
There are several types of behaviour that employees engage in that are detrimental to the organisation. They discovered that when employees perceived inequality in workplace they tended to engage in retaliation behaviour This is consistent with what equity theory suggests may lead to fraud intent. Greenberg and Scott (1996) reported that employee theft was a reaction to underpayment inequity Another variable that may lead to counterproductive work behaviour such as fraud is the perception of job insecurity. Each year millions of Nigeria workers are terminated by their employers to reduce costs (Bureau of Labor Statistics, 2006) This would be of little concern to firms except that „surviving‟ employees usually react negatively to perceptions of job insecurity. An attempt to secure tomorrow as a result of perceived job insecurity may be to engage in fraudulent activities, especially when employees perceived unfair treatment from the organisation. With the frightening distress fever that is going through the banking sector as a result of unwholesome behaviour of some bankers, increase in fraud committed through A.T.M. cards in conjunction with bankers and the impact that these may have on the economy, there is a pressing need to investigate factors that may make bank workers prone to fraud
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