Motives for Training and Management Development in the Nigerian Banking Industry

Sulu Babaita ISIAKA

Abstract


This study focused on the motives for training and management development using the Nigerian Banking Industry as a case study .The study relied on both qualitative and quantitative analysis of data. The entire staff of the 25 commercial banks as at 2007 in Nigeria is the population of the study and the difficulty in studying the whole population makes sampling inevitable. In the selection of the banks for this study, stratified sampling technique was adopted. All the 25 banks as at 2007 were stratified into two, old and new Generation Banks. Consequently 4 banks were selected from each stratum. A total of 320 questionnaires were administered. 281 out of the 320 questionnaires were however returned and found suitable for analysis. The data obtained through questionnaire were analyzed using descriptive statistics and inferential statistics such as frequency distribution and Analysis of Variance (ANOVA), respectively. The results of the analysis showed that banks see training and management development as important factors, as well having motives for investing in Training and management development. These motives include- new technology; productivity; responding to skills deficiencies; moral duty; new hire request; and staff request. Some of the recommendations based on the findings include- training should be seen as one of the most important strategies for organizations to help employees gain proper knowledge and skills needed to meet the environmental challenges; it must also be noted that, training and development, though primarily concerned with people, is also concerned with technology, the precise way an organization does business.

Full Text: PDF DOI: 10.5539/ass.v7n3p210

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This work is licensed under a Creative Commons Attribution 3.0 License.

Asian Social Science   ISSN 1911-2017 (Print)   ISSN 1911-2025 (Online)

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