CHAPTER ONE

GENERAL INTRODUCTION

• INTRODUCTION

Manpower development is a systematic development in knowledge, skills and attitudes required by employees to perform adequately on a given task or job. New entrants into organization have various skills, though not all are relevant to organizational needs. Effective manpower development are required for staff to enable them work towards taking the organization to its expected destination. It has further become necessary in view of advancement in modern world to invest in manpower development. Thus, the role played by effective manpower development can no longer be over emphasized. According to Oguntimeh in (2000: 241) Effective manpower development are based on the premise that staffs development need to be improved for organization to grow. Manpower development both physically, socially intellectually and mentally are very essential in facilitating not only the level of productivity but also the development of personnel in any financial institution. Therefore manpower development can be put in a contract relevant to school administrations. However, knowledge is the ability, the skill, the understanding, the information which every individual requires acquiring in order to be able to function effectively and perform their work efficiently. Human resource, are the most valuable asset of any organization with the machines, materials and even money, nothing gets done without manpower. It can take place in a number of ways, on the job or off the job, in the organization or outside the organization. The effectiveness or success of an organization therefore lies on the people who form and work within such organization. It follows therefore that the employees in an organization to be able to perform their duties and make meaningful contribution to the success of the organizational goals need to acquire the relevant skills, knowledge and be developed. In appreciation of this fact, organization like financial institution, conduct final development and development programmes for the level of their manpower. Effective manpower development is very important for the development of any organization, while some organization take it serious, other take it lightly, there is always a positive result on the part of the organization that takes up manpower development as it is very important. Development is a process of enlarging people’s choices. In principle, this choice can be infinite or change over time.

1.1 STATEMENT OF THE PROBLEMS

The human resources (manpower) is considered the most critical to any organization survival of a truism that adequate supply of material and financial resources that will utilizes these available sources to bring about the desired goals. Many organizations are faced with the challenge of un-productivity despite the number of staff they have because resources that would have been utilized effectively are either wasted or under-utilized because of the absence of needed development and development needed for the job. The consequences of these includes financial losses, retarded organizational growth and general in-productivity. First City Monument Bank Plc, despite the effort put in by governing body to obtain efficiency in man-power development, lapses are still recorded, like in the area of inadequate manpower development, management and services delivery. The evaluation is difficult and everyone would like to advance his or her career there by overwhelming the organizational development request, these and other aspects of Effective manpower development and their potential benefits to transaction and individual form the basis for this study.

• OBJECTIVES OF THE STUDY

1. To examine the role of effective manpower development on the growth of business in financial institutions.
2. To identify the important of effective manpower development on the growth of business in financial institutions.
3. To assess the problems affecting effective manpower development on the growth of business in financial institutions.
4. To examine the strategies for effective manpower development on the growth of business in financial institutions.

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