Effect Of Human Capital Development On The Financial 1erformance Of Commercial Banks In Nigeria (A Case Study Of First Bank Nigeria Plc 2005-2017)
ABSTRACT
The study examined the effect of human capital development on financial
performance of banks in Nigeria. Human Capital Development is essential for
the growth and development of any nation. Human capital are perhaps the most
dynamic of all the resources of any organization. Over the years, the Financial
Sector had been plagued with scarcity of trained bankers and financial experts,
which has led to employment of half fit experts who needs further training to
make them suitable for the banking jobs. This paper examines the effectiveness
of Human Capital Development on financial performance of banks. The study
utilized secondary data for gathering information, the organization human
capital development chart, handbook and training records were reviewed. The
findings revealed that the Human Capital Development on financial
performance of banks have improved the skills, attitude and performance of staff
of the bank which invariably has led to the achievement of organizational goals
and objectives. The findings also discovered the need for the bank to put in place
motivational policies that will be attractive to the staff in order to retain them
after the training and development exercise. This is will reduce employee
turnover or attrition, which is visible in the bank. The study concludes that banks
have not invested adequately on human capital development that is why the
effect on financial performance is not significant. Commercial banks in Nigeria
are advised to give more attention to human capital development by way of
training and adequate welfare to enhance their productivity.
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OKECHUKWU, O (2021). Effect Of Human Capital Development On The Financial 1erformance Of Commercial Banks In Nigeria (A Case Study Of First Bank Nigeria Plc 2005-2017). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-human-capital-development-on-the-financial-1erformance-of-commercial-banks-in-nigeria-a-case-study-of-first-bank-nigeria-plc-2005-2017-7-2
ONYINYECHI, OKECHUKWU. "Effect Of Human Capital Development On The Financial 1erformance Of Commercial Banks In Nigeria (A Case Study Of First Bank Nigeria Plc 2005-2017)" Mouau.afribary.org. Mouau.afribary.org, 09 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-human-capital-development-on-the-financial-1erformance-of-commercial-banks-in-nigeria-a-case-study-of-first-bank-nigeria-plc-2005-2017-7-2. Accessed 31 Oct. 2024.
ONYINYECHI, OKECHUKWU. "Effect Of Human Capital Development On The Financial 1erformance Of Commercial Banks In Nigeria (A Case Study Of First Bank Nigeria Plc 2005-2017)". Mouau.afribary.org, Mouau.afribary.org, 09 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-human-capital-development-on-the-financial-1erformance-of-commercial-banks-in-nigeria-a-case-study-of-first-bank-nigeria-plc-2005-2017-7-2 >.
ONYINYECHI, OKECHUKWU. "Effect Of Human Capital Development On The Financial 1erformance Of Commercial Banks In Nigeria (A Case Study Of First Bank Nigeria Plc 2005-2017)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-human-capital-development-on-the-financial-1erformance-of-commercial-banks-in-nigeria-a-case-study-of-first-bank-nigeria-plc-2005-2017-7-2