Training And Development Of Human Resource In Banking Operation (A Study Of Union Bank Plc Oko)

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Training And Development Of Human Resource In Banking Operation (A Study Of Union Bank Plc Oko)


Abstract


This study is carried out to examine the training and development of human resource in building operation in Union Bank Plc, Oko branch. To achieve this, the researcher prepared and administered questionnaires to the staff of Union Bank Plc, Oko branch. The information gathered was presented in tables and analyzed using simple percentage techniques. It was found that human resource training influence the operations of Union Bank of Nig. Plc Oko branch, and that training programme increases employees’ and organizational productivity. Based on the findings, the researcher recommends that management should always see training and development of their employees as one of the motivational tools that will increase productivity. In conclusion, systematic training and development of human resources enhance efficiency and effectiveness as well as increase profitability and productivity of the organization.


Chapter One


Introduction

1.1 Background of the Study

Do we ever settle to think why some organizations recruit better applicants than others, why some business enterprises are more efficient or perhaps, more effectively organized than others? Why some establishments are more productive than others, why some firms make profit while others are folding up? It is possible to answer the above questions with this simple phrase; lack of requisite skills and failure on the part of management to identify and adequately take care of their inadequacies”.

After recruitment and selection of employees, they need to be maintained and motivated towards achieving the organizational goals. And this can be achieved through training and development of the organizations workforce.

Sound and constructive human capital development facilitates optimization of available potentials and provides opportunities/leverage for better repositioning of an organization to achieve global competitiveness. Hence, human resource development is a pre-requisite for organizational survival, sustainability and success. This fact is reinforced by Chinese wise saying, which says thus;

“If you wish to plan for a year, sow seed

If you wish to plan for 10 years, plant trees.

If you wish to plan for a lifetime, develop men”.

The above, summarizes and underscore the indispensability of human resource development in organizations.

Brief History of the Study

The Union Bank of Nigeria has a long and proud history dating back to 1917, when it first opened its doors for business as the colonial bank. In 1925 it was brought by Barclays, becoming Barclays Bank Dominion, colonial and overseas which it remained until the early 1970s.

In 1971, Barclays incorporated the bank locally in Nigeria as Barclays Bank of Nigeria Plc and sold a significant shareholding to the federal government and the Nigerian public. In 1979 the banks name was changed to the Union Bank of Nigeria Plc, to reflect the change in its ownership structure.

In the early 1990s, the Nigerian government started a policy of privatization of state owned asset, which resulted in 1993 in both the government and Barclays selling their remaining stakes in the bank to the public at large, thus creating a truly publically owned bank.

Since the early 1990s, the bank has enjoyed a period of unparalleled growth, acquiring universal Trust Bank Plc. Broad bank limited and Union Merchant Bank as well as increasing shareholder funds through a rights issue in 2005. The Union Bank of Nigeria now has a network of over 400 branches across Nigeria, a subsidiary in London and offices in Ghana, Benin and South Africa. In 2009, it posted gross earnings of US and 980 million and total assets of US and 8.8 billion. The bank’s management team is headed by Emeka Emuwa as the group managing Director/Chief Executive. Other executive management team members include:

  • Adekunle M. Adeosun – commercial/retail banking (south) and consumer banking.
  • Philip Ikeazor – corporate, international/investment banking and treasury.
  • Ibrahim A. Kwargana – commercial/retail banking (North) and public sector.
  • Mrs. Oyinkan Adewale – chief financial official.

1.2 Statement of Problem

The efficient training and development of human resources in an establishment, which Union Bank Plc is not an exception, requires immediate attention because the negligence given to the establishment which will in turn led to the downfall or bankruptcy of the establishment.

This study seeks to investigate if training and development of human resources is practiced in Union Bank of Nigeria Plc, the approaches of training and development of human resources the negative attitudes of management and supervisors on training and development of their sub-ordinates, as well as the impact of modified behavior, attitude and moral on employees in Union Bank of Nigeria Plc.


1.3 Purpose of the Study

The main purpose of this study/research work is to critically define, analyze and clearly identify training and development of human resource in banking institution. And also,

  1. To ascertain the influence of human resource of Union Bank of Nigeria, Oko branch.
  2. To determine the types of training available method and place of training in Union Bank of Nigeria, Oko branch.
  3. Find out whether staff of the bank sees training and development programme as motivating and means of job enrichment and satisfaction.
  4. Evaluate work performance before and after training programme in Union Bank, Oko branch.
  5. Determine whether there is any relationship between labour turnover and availability of training and development opportunities in banks.

1.4 Significance of the Study

It is important to print out that on completion of this research work, it would be of immense significance to the following group of people:

  1. Management and supervisors of Union Bank Plc Oko branch. If the management and supervisors of the bank apply the findings and recommendation of this research work, training and development would be achievable in the bank.
  2. It would also help the management to know how much training and development influences worker’s productivity and performance.
  3. Researchers: the output of this work will serve as a base for further research in future on related or similar topic.

1.5 Research Questions

In order to achieve the purpose of this study, some questions need to be considered. Below are some research questions which have been formulated:

  1. Do training and development of human resources influence the operation of the bank?
  2. What type or method of training do your bank adopt?
  3. Are you motivated after the training and development programme?
  4. Are you convinced that your performance improve after the training and development?
  5. Is there any relationship between labour turnover and availability of training and development opportunities in your bank?

1.6 Scope / Delimitation of the Study

In this project work, “training and development of human resource in banking operation” is restricted to Union Bank of Nigeria Plc, Oko branch, Anambra state.


1.7 Definition of Terms

Training:

This is the acquisition of basic skills for efficient performance of specific duties or tasks. It is an organized procedure through which people acquire skills for a definite purpose, the purpose is to achieve a change in the job behavior of those trained.

Development:

This can be defined as all those job and organizations related activities as well as other extra curricula activities undertaken to expose employees to comfortably and conveniently perform additional duties and assume challenging positions in the organizational hierarchy.

Human Resource:

This is the set of individuals who make up the workforce of an organization, business sector or economy.

Bank:

A bank is an establishment authorized by a government to accept deposit, pay interests, clear cheques, make loans, act as an intermediary in financial transactions and provide other financial services to its customers.

Banking:

This simply can be defined as the business activity of accepting and safeguarding money would by other individuals and entities.

Operation:

This is seen as job or task consisting of one or more elements or sub-tasks performed typically in one location.


Chapter Five


Summary of Findings, Conclusion and Recommendation

This chapter is designed to summarize the findings from the investigation through related literature reviews, by seeking responses from the people actually involved in the training and development of human resource in banking operations. After collecting and analyzing the data so far, we found out the problems facing the training and development of human resource in banking operation, and from which we gave our recommendation and drew conclusions.


5.1 Summary of Findings

On the findings of this work, research questionnaires were distributed and later analyzed, and the following are the finding of the study: it is observed that:

  1. Management rarely organizes training programmes for their employees.
  2. Employees are usually motivated by the training programmes organized by the management.
  3. Junior employees mostly are not allowed to participate in training programmes.
  4. Human resource straining influence the operations of Union Bank of Nig. Plc Oko branch positively.
  5. Union Bank Oko branch mostly make use of job rotation kind of training on their staff.
  6. There is relationship between labour turnover and training programme, and that training programme reduces labour turnover in organizations.
  7. Training programme increases employees’ and organizational productivity.

5.2 Conclusion

Based on the findings of this study, the following conclusions were drawn:

Since human resource development and training constitute a major factor that makes for progress and productivity of Union Bank Plc or any organization. The researcher came to the conclusion that systematic training and development of human resource, instead of staff rationalization and retrenchment will enhance efficiency and effectiveness. Constant human resource training and development will promote better working climate, reduce conflict and unprecedented labour turnover.

Effective training and development programme will increase profitability and productivity leading to recovery and turnaround of the organization.


5.3 Recommendations

Based on the outcome of the research work, the following recommendations are relevant to the Union Bank Plc to achieve profitability in the face of ever increasing competing environment.

  1. Management should always see training and development of their employees as one of the motivational tools that will increase productivity.
  2. Management should always identify the training needs of their employees in order to know the type of training that will satisfy the training need of the employees.
  3. Management should often send some of their workers for further studies and on special courses so that their employees can meet up with technological changes in the industrial world and have upper hand on their competitors.

5.4 Limitation of the Study

The researcher was faced with some constraints which limit his effort during the course of his research work. The constraints encountered are: financial constraint which made it difficult for the researcher to carry out his research work successfully.

Non-challant attitude of respondents in giving out information and answers to the research questionnaires made the researcher to find it difficult to bring the work to an end on time.

Time factor: The time interval given for the research work is limited, thereby leaving the researcher with no option than to rush the research work.


5.5 Suggestion for Further Research

In view of this research work, the researcher suggests that further research should be carried out on training and development of human resource in banking operation. The researcher also suggests that research should also be carried out on other related topics like manpower training and development a means of employees motivation and productivity. The researcher also suggest that maximum co0operation should be given to researchers, and also, finance, time and materials should be made available to them so as to make the research work a success and also reliable.


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