THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON THE ECONOMIC GROWTH OF NIGERIA

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TABLE OF CONTENTS

Title Page                                                                                         

Certificate                                                                                        

Dedication                                                                              

Acknowledgement                        

Table of Contents                                                                   

CHAPTER ONE:

1.0 Introduction                                                                        1      

 1.1 Statement of problem                                                       2   

    1.2 Objective of the study                                                          3          

1.3 Research question                                                               4              

   1.4 Scope and limitation of the study                                          4       

 1.5 Significance of the study                                                   4                  

1.6 Research methodology                                                       5

1.7 Organization of the study                                                  5                 

1.8 Definition of terms                                                             6

1.9 Methodology                                                                     7

CHAPTER TWO:

 2.0 Literature Review                                                            8       

2.1 The basic purpose of human capital development            10     

 2.2 Training as a part of effective enterprise                                   13          

2.3 Designing a training programme                                        15    

 2.4 Programme design and evaluation                                             16       

 2.5 The training method                                                                   17

CHAPTER THREE:

3.0 RESEARCH METHODOLOGY                                   29

3.1 Sources of data collection                                                  29

3.2 Population of the study                                                     29

3.3 Sample size                                                                       30

3.4 Method of data collection                                                  30

3.5 Method of data Analysis                                                   31

CHAPTER FOUR:

4.0 INTRODUCTION AND DATA PRESENTATION                44

4.1 Introduction                                                                       32

4.1.1 Core research questions                                                    36

4.2 Test of hypothesis                                                              47

CHAPTER FIVE:

5.0 Summary, Conclusion and Recommendation                 53

5.1 Introduction                                                                        53

5.2 Summary                                                                           53

5.3 Conclusion                                                                         54

5.4 Recommendations                                                             54

5.5 Limitations of the study                                                     55

References

CHAPTER ONE
  1. 0 INTRODUCTIOIN

Training is a process were by individuals acquire knowledge, skill and attitude through experience, reflection, study or instruction.

Training is also the planned process to modify attitude, knowledge, skill, behaviour, etc. through learning acquire effective performance in an activity or range of activities. The purpose of training is to develop the ability of an individual to satisfy current and future manpower needed to supplement education or to train for taking up higher responsibilities.

Training is available for both new and existing staff of any organisation, although the new recruit might already have appropriated some skills and good attitude in all profile, human capital development will help to sharpen both areas so that better performance can be achieved both new and existing staff even well-established staff may need skill refinement and upgrading.

Human capital development may be formal or informal. Some organisations invest in and develop their own high quality training facilities and run a regular series of introductory and refresher courses in house. This has the advantage of ensuring that the training is relevant to the organization and its business as well as signifying an on-going commitment to staff development.

Formal and Informal training appear to have existed as long as the origin of man and this has been accorded varied status in human life. With advantage in knowledge, practice and technology, training and manpower development have become sophisticated and resource consuming. It has also been stressed that training and manpower development is an art and a science in its own right.

Hence, an attempt at establishing the actual meaning and manpower development is beneficial to that is globalism, e-commerce, e-banking and universal banking. All of these pose challenges to the twenty first century bankers and all of these innovations need greater skill to be able to meet future objectives of the organization become all of them are operated through online. And these need training and retraining of the entire work force so as to be able to bridge the gap which may exist as a result of these new inventions. This banking industry in Nigeria has been revolutionized. The bank has all been restricted according to their various capacities.

  • STATEMENT OF THE PROBLEM

There has been a growing emphasis on professionalism, growing bureaucracy, competitive growth, rsie in the education level with demand for better leadership, all of these throw the need for a better equipped work force. As a result of the growing rate of the competition in the banking industry in Nigeria, these has been a growing need for mechanization and automation of the banking process and procedures. The employment of high technologically based service delivery the sophisticated nature and development inevitable there is a new trend blowing across the world.    

1.2 OBJECTIVES OF THE STUDY

          In order to identify further the critical importance given to the development of human capital in the Nigerian banks, the main objectives of this study is to test and final out the impact of human capital development on the economic growth of Nigeria.

          The objectives of training are associated with overall growth and priorities that must be realistic and practicable, meaningful and quantifiable. The objectives of these study is to identify the primary objectives of training in an organization as that of ensuring the efficiency and must optional use of its human resources.

The specific objectives are:

  1. To examine the pattern and trend of human development in banking industries.
  2. To estimate the relationship between economic growth of banking industries

1.3 RESEARCH QUESTIONS

  1. Does training and development motivate staff?
  2. Does training and development improve the quality of service in the bank?
  3. Does training modify behaviour, attitude, skill and knowledge of individual staff
  4. Does training and development been able to promote accountability in the bank.

1.4 SCOPE AND LIMITATION OF THE STUDY

          The scope of the research study covers the comprehensive appraisal of the cost, benefit and status of training and manpower development. It also provides and insight to ethical standard in which training and development evolved.

It also covers the effect of emergence of technology in banking activities. The study will cover a period of 5yrs i.e from 2009-2013 due to time, and financial constants, i will not be cover all the banks in the country, my study will therefore tom limited to zenith bank only more so this is the bank i have chosen as my case of the study.

1.5 SIGNIFICANT OF THE STUDY

Zenith bank plc, as a major organization in the banking industries in Nigeria, stands to benefit from the findings of this study. It will know the efficiency of its training and development programmes, recommendations in these training and development policies as well.

Apart from assisting the organization to achieve itself objectives, training and manpower could project the right kind of image of the organization to the outside world. This could influence more customer and attract the right type of employee to the organization. It could also improve the public relations practice in the organization.   

  1.6 RESEARCH METHODOLOGY

This chapter is exclusively devoted to the principles on which this study was based. The researcher drew immensely from the opinion and advice of some human resources manger sought on the appropriate methodology. Items cover in these chapter therefore, include research method and design (a case study of zenith bank plc.) methods and sources of data collection, instrument validity and liability, sampling and sample size and analysis of data.

1.7 ORGANIZATION OF THE STUDY 

THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON THE ECONOMIC GROWTH OF NIGERIA