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  organizations    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 ski lls,  attitude  and performance of s ta.ff 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.