Since 2014
The Effects of Human Resources Development on Financial Performance of Organisations
Asian Business Review
View Archive Info| Field | Value | |
| Title |
The Effects of Human Resources Development on Financial Performance of Organisations
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| Creator |
Odumeru, James Adetunji; Lecturer, Department of Banking & Finance, Osun State College of Technology, Esa Oke, NIGERIA
Ilesanmi, Oladele Ayodeji; Lecturer, Department of Business Administration, Osun State University, Esa Oke, NIGERIA |
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| Subject |
Human Resources Development, Training and Development, Employee Competence, Commitment, Financial Performance, Strategic Human Resources Management
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| Description |
Contemporary organisation invests huge resources on a regular basis on Human Resources Development (HRD) initiatives because of the age long belief that this will enhance efficiency and effectiveness. But sadly, these expectations often go unfulfilled. This study empirically tests the effect of HRD on financial performance with employee competence and organisational commitment acting as mediating mechanisms. A total of 84 copies of a questionnaire that was distributed to and received from bank workers of two of Nigeria’s leading banks: First Bank of Nigeria Plc and Zenith Bank Plc to elicit relevant data on employee participation in and perceived benefits of HRD, commitment & competence and financial performance were analysed using Cronbach’s Coefficient Alpha and multiple regression analysis. Results show a significant relationship between employee participation in HRD including perceived benefits of HRD and organisational commitment and employee competence. The study also shows a significant relationship between competence & commitment and financial performance. Thus organisation should focus attention on delivering consistent HRD initiatives relevant to the need of employees and focused on addressing identified Skills, Knowledge and Abilities (KSA) gaps for a continuous financial performance improvement
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| Publisher |
Asian Business Consortium
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| Contributor |
—
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| Date |
2015-03-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://journals.abc.us.org/index.php/abr/article/view/Odumeru
10.18034/abr.v2i1.310 |
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| Source |
Asian Business Review; Vol 2, No 1 (2013): 3rd Issue; 19-23
2305-8730 2304-2613 |
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| Language |
eng
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| Relation |
http://journals.abc.us.org/index.php/abr/article/view/Odumeru/216
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| Rights |
Copyright (c) 2015 James Adetunji Odumeru, Oladele Ayodeji Ilesanmi
http://creativecommons.org/licenses/by-nc/4.0 |
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