An Assessment Of The Impact Of Human Capital Development On The Economic Growth
|BANKING AND FINANCE|
No of pages
|MS Word & PDF|
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1. 0 INTRODUCTION
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.
1.1 STATEMENT OF THE PROBLEM
There has been a growing emphasis on professionalism, growing bureaucracy, competitive growth, rise 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 fine 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:
I. To examine the pattern and trend of human development in banking industries.
II. To estimate the relationship between economic growth of banking industries