Human Capital Development and Continuity of Family Owned Businesses in South East, Nigeria.

Abstract

The examined influence of human capital development on the continuity of family-owned businesses in South East, Nigeria. We employed survey research design. Descriptive survey research was adopted. The study revealed among other things that; Training had influence on return on equity of family owned businesses in South East, Nigeria and this result confirmed the finding (t-cal = 30.798, p-value = 0.000 < 0.05%). Technical Skill had effect on the Stability of family owned businesses in South East, Nigeria and this result confirmed the finding (t-cal = 20.451, p-value = 0.000 < 0.05). Succession plan had effect on efficiency of family owned businesses in South East, Nigeria and this result confirmed the finding (t-cal = 18.841, p-value = 0.000 < 0.05). From the findings, the study recommended that Firms need to invest more in training and verify and validate the job information gathered to ensure that it accurately reflects mission requirements. Firms need to develop, verify and validate the proficiency scale so that the points on the scale are criterion-referenced, i.e. able to accurately reflect the level of proficiency required. The proficiency scale need to account for gains in human capital from on-the job experience.