ABSTRACT
The main objective of every business is to maximize profit. This major goal cannot be achieved
without conscious investment on human capital to have the quality of employees that will enable
the organization achieve it corporate objectives. According to Odhong et al., (2013), hunnm capital
was defined by Bontis et al., (1999) cited in Baron and Armstrong (2007) as the combined
intelligence, skills and expertise that gives the organization its distinctive character. Carnegie
(1919:3) as cited by Ismaila (2013) notes that, "the only irreplaceable capital an organization
possesses is the knowledge and ability of its people. The productivity of that capital depends on
how effectively people share their competence with those who use it". The banks in Nigeria are
well known for a common phrase which says "our employees are our greatest asset". If this
assertion is critically evaluated, the said greatest asset has not been given the required attention
that could bring out the best in an employee. The highest recruiting industry in Nigeria is the
banking sector. Basically, they now recruit the First class graduates from the universities and also
professionals in IT and finance. One expects proper motivation and attractive welfare package for
these quality of human capital who spend the useful part of their lives working and maximizing
shareholders values. However the reverse has always been the case. The issue of human capital
development in banking industry is all about investing in improving the skill, innovation and
technical capability of the workforce to enhance productivity. This is not restricted to workers
alone but extends to even the employers/entrepreneurs because they too need to develop
themselves for more efficiency and effectiveness in the management of physical and other human
resources.
ONWUMERE, C (2021). Effect Of Human Capital Cost On The Performance Of Deposit Money Banks In Nigeria (A Study Of First Bank Plc). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-human-capital-cost-on-the-performance-of-deposit-money-banks-in-nigeria-a-study-of-first-bank-plc-7-2
CHIBUNNA, ONWUMERE. "Effect Of Human Capital Cost On The Performance Of Deposit Money Banks In Nigeria (A Study Of First Bank Plc)" Mouau.afribary.org. Mouau.afribary.org, 10 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-human-capital-cost-on-the-performance-of-deposit-money-banks-in-nigeria-a-study-of-first-bank-plc-7-2. Accessed 31 Oct. 2024.
CHIBUNNA, ONWUMERE. "Effect Of Human Capital Cost On The Performance Of Deposit Money Banks In Nigeria (A Study Of First Bank Plc)". Mouau.afribary.org, Mouau.afribary.org, 10 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-human-capital-cost-on-the-performance-of-deposit-money-banks-in-nigeria-a-study-of-first-bank-plc-7-2 >.
CHIBUNNA, ONWUMERE. "Effect Of Human Capital Cost On The Performance Of Deposit Money Banks In Nigeria (A Study Of First Bank Plc)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-human-capital-cost-on-the-performance-of-deposit-money-banks-in-nigeria-a-study-of-first-bank-plc-7-2