Organisational Culture and Human Capital Development in First Bank Nigeria Plc

Abstract

The study investigated the effect of organizational culture on human capital development. The study adopted the survey method and Pearson Correlation Coefficient and Multivariate Regression Model was used to analyse the hypotheses. The instrument used in data collection was a structured questionnaire and statistical techniques of Pearson product correlation coefficient to determine the impact on human capital development in First Bank. The finding of this study shows that organizational culture will positively but insignificantly influence human capital development practice in terms of staffing, career development and compensation. The study recommends that it is important for practicing managers to take cultural factors into account in formulating human capital development policy across the country. There should an alternative management science that is based on Nigerian values. Companies should also share information to safe guard the current best practices in order to keep up to date and deal with human capital development.

Key Words: Culture, Human Capital, Organisation, Banking Industry