AN EVALUATION OF THE IMPACT OF HUMAN RESOURCES MANAGEMENT ON THE PROFITABILITY OF BANKS
|BANKING AND FINANCE|
No of pages
|MS Word & PDF|
The custom academic work that we provide is a powerful tool that will facilitate and boost your coursework, grades and examination results. Professionalism is at the core of our dealings with clients
For more project materials and info!
Call us here
This study is purposely designed to brig into lime light the effect of human resources manager has in the overall performance in an organization.
The hypothesis formulated was: human resources management has an effect on the International Bank Limited, Victoria Island, Lagos was deal with in detail their Objective and achievement were also reviewed.
Relevant literature were reviewed extensively with the meaning history of Zenith International Bank in the world and in Nigeria.
The research methodology and data analysis adopted in this study was population size and procedure questionnaires distributed, interview conducted and related books and journal were consulted.
Simple percentage rating and chi-square were adopted in the data analysis and result interpreted to determine the validity of the statement of hypotheses.
It has become obvious that all economic resources and human resources are the least efficiently used. However, the greatest opportunity to improve economic performance is within the improvement of the effectiveness of people and their work.
Therefore, human resources management can be defined as the effective management of human resources.
This means that managing people is an essential activity in that it’s basic management responsibility in every organization.
It also means that it involves planning, directing and controlling beings in employment It is also an act that is required and must be performed in both governmental and private organizations.
Human resources management is also essential under any economic system that is, under capital as well as socialist system.
It is also an essential function in small and large business. Finally, it is a continuous and inevitable process.
1.1 BACKGROUND TO THE STUDY
In any typical organization, human resources connote both the quality and quantity of labour that are exhibited in the form of mental capabilities.
Physical efforts and overall technical know how of the organizational actors.
Human resource management therefore, entails the means through which an organization sustains, motivates and even discipline of human resources to enhance the maintenance of human resources, human relationship and the physical well-being of employees and above all, for the achievement of organizational, it is the job of the personnel department in an organization to offer measures aiming at enhancing the effective management of human resources in order to boost its overall performance.
1.2 STATEMENT OF THE PROBLEM
The study is based on the effect of human resources management on the overall performance of a firm in an organization, a case study of Zenith International Bank Limited, Victoria Island, Lagos. What justifies the continued existence of an organization is the achievement of its set goals and objectives.
A typical organization has within its capacity several resources, which it can harness, towards achieving the goals. Basically, these resources: the human money, material and machinery resources of all these resources however, the effect of human resources on the overall performance of an organization cannot be over-emphasized.
No matter how self sufficient or how good the management of an organization feels over its set goats and its achievement so far, it should realize that without human resources, the organization could not really perform neither can its set goals be achieved.
We can only begin to understand the considerable complexities when we recognize (Human resources) operations.
When we recognize that unlike machines, raw materials or other input to production, labour (human resources) is not a commodity that labour market is composed of million of human beings whose well-being is of great importance.
Management should therefore observe the human resources in a different perspective, realizing its priority over other resources. Many firms today are yet to realize this fact, and subsequent effect over this ignorance is detrimental to the organizational performance.
1.3 STATEMENT OF THE HYPOTHESIS
The following tentative statement that depicts the variable and environment upon which the study is based of relative importance.
Ho: That working capital management has positively effected on the going concern of the resources.
Hi: That working capital of the management is far from having poi ct on going concern of banking industries.
1.4 OBJECTIVE OF THE STUDY
The aims of this study are to:
(a) Identity the importance of human resources on the actualization of the corporate goals and objectives of a firm.
(b) Examine the impacts of human resources management on the general performance of our case study.
1.5 SIGNIFICANCE OF THE STUDY
This project work would disclose the secret behind the survival, growth and development of any existing and the effectiveness of the human resources management department in any organization.
The various functions carried out by the personnel management are staffing processes, compensation welfare and the process or method through which all of staff and subsequently on the profit.
The conclusive part of this study will enable the reader(s) to identify the necessity of human resources management in an organization, their problem and proffer solution to bring at a mere harmonious work relation in an organizational setup.
1.6 SCOPE OR DELIMITATION OF THE STUDY
The scope of this study covers the effect of human resources management on the profitability of banks, which we used a case study of Zenith International Bank Plc.
And 20 people were interviewed and three (3) categories of people, supervisors, managers and junior workers for field survey of 2014.