A Study of the Influence of Spiritual Leadership, Engaged Leadership and Extrinsic Motivation on Continuance Commitment in Ghanaian Banks

Abstract

This study explored how spiritual leadership, engaged leadership and extrinsic motivation influence continuance commitment of employees in the banking industry in Ghana. The objectives of this study were to examine the relationship between spiritual leadership and continuance commitment, the relationship between engaged leadership and continuance commitment and the relationship between extrinsic motivations and continuance commitment in the banking industry in Ghana. The study adopted a quantitative method using questionnaire as the instrument to gather data from 204 respondents from four selected commercial banks in the Eastern part of Ghana listed on the Ghana Club 100 using the 2013 edition. Simple random purposive and convenience technique was used to select four (4) out of nine (9) banks for the study. Data from the survey was analyzed using multiple regression with the aid of statistical packages for social sciences (SPSS). The study found out that spiritual leadership (altruistic love and membership), engaged leadership and extrinsic motivation influence continuance commitment. The study also found out that extrinsic motivation mediates the relationship between the leadership styles (engaged/spiritual) and continuance commitment. The findings suggested that though benefits, compensations and organizational support and benefits enhance employee commitment, but to achieve employees’ continuance commitment, leaders ought to be considerate, selfless and engaging to their subordinates or staffs