Influence of Budgeting, Budgetary Control on Organizational Performance of Managerial and Non-Managerial Employees of Bank Employees

This study examined the influence of budgets in planning and control on company’s performance amongst bank employees in Ibadan, Oyo state, Nigeria. Goal Setting and Role Performance Theories provided the framework, while a quantitative descriptive cross sectional study using survey research method was adopted. A quantitative assessment of data collected from a representative sample of managerial and non-managerial employees who had worked for several years at different branches of First Bank Nigeria located in Ibadan; Oyo State was used for the study. Stratified sampling techniques was used to categorize 365 core staff respondents that was included in the sample selected from eight branches of the bank in different strata with each stratum represented. A questionnaire comprising of budgeting scale which is a 5 item scale developed by Kren (1992) loaded into one factor (Cronbach’s α=0.73), Budgetary control scale which is also a 5 item scale developed by Kenis’s (1979) loaded into one factor (Cronbach’s α=0.78) and On the other hand, the scale of organizational performance was revised from Brownell and McInnes (1986) and loaded into one factor (Cronbach’s α=0.81).Data were analysed with “Statistical Package for Social Science” (SPSS) version 22.0. Descriptive statistics includes the mean, standard deviation and Inferential Statics includes: Pearson Correlation Analysis and Multiple Regression were used for achieving the objectives of the study. Participants’ age was 29. 4+10.67, 70.6% were males, 42.3% had Higher National Diploma/ Bachelor degrees. Budgeting had significant positive relationship with organizational performance (r = .77; P