THE ROLE OF EFFECTIVE MANPOWER DEVELOPMENT AND DEVELOPMENT ON THE GROWTH OF BUSINESS IN FINANCIAL INSTITUTIONS

This study examines critically analyses the role of effective manpower development on the growth of financial institutions using First City Monument Bank Plc a case study. Over the time, organizations have been embarking on development and capacity building for their employees so as to enhance productivity and overall performance of the organizations. This is due to the recognition of the important role of development in attainment of organizational goals. For any organization to increase in its productivity level, it depends on the level of competence of its workforce. Hence, the need for development of workers to improve their abilities in order to function effectively and efficiently in the organization is paramount. Effective manpower development is an indispensable tool for human and national investment for growth in the organization. The researcher used primary and secondary methods of data collection to gather the needed data. The data obtained through questionnaires were presented in tables and analyzed using the simple percentage. The findings have also shown that factors which militate against successful analysis of Effective manpower development as a tool for peak performance in financial institutions are: - challenges in hiring technical expertise, competent knowledge employees, employees low level of education and problems of language, communication and attitudes towards learning. The study recommended that financial institutions should carry out effective manpower development to ensure the growth of the institutions, ensure that their development programmes should be on a continuous basis; motivate staff who performed exceptionally well during development sessions so that other staff will in turn aspire to excel.