Manpower Training and Development Prerequisite for Productivity in Banking Industry (A Case of Wema Bank Plc, Osun State)
BABATUNDE, M. OYEWALE1 & SALAM, A. SAHEED2
1Department of Management & Accounting, Ladoke Akintola University of Technology, Ogbomoso, Oyo State, Nigeria
2Department of Business Administration, College of Management & Social Sciences, Fountain University, Osogbo
Email boyewale4@gmail.com
ABSTRACT
The study examines manpower training and development as prerequisite for productivity in banking industry in Nigeria with a particular reference to the Wema Bank PLC Nigeria. Data for this study were obtained from both the primary and secondary sources. Questionnaires were administered on forty-two (42) employees of the bank using simple percentage to compliment other information required from the secondary data. The descriptive statistics were employed to test the hypotheses with the use of the Pearson Product Moment Correlation Coefficient, Pearson Chi square, and Pearson Correlation and Linear regression at 0.05 alpha levels 1. The results showed that there is a positive significant effect of manpower training/development on organizational performance as t =34.921 and which is above the rule of thumb positivity of 2 and the coefficient of manpower training/development is 0.114. The study concludes that an increase in job satisfaction and reductions in employee turnover are the benefits of training/development in the Wema Bank PLC. However, the study recommends that organizations should make training and development of their employees a continuous activity. Also the study recommends that organizations should use training to gain a competitive advantage more than just basic skills development with a view to creating intellectual capital on the employees.