Impact of Human Capital Development on Employee Performance: A Study of Selected Oil Service Firms in Rivers State, Nigeria

Abstract

Human capital development is one of the most importance requirements to ensure the sustenance and improvement of an economy either at macro or micro level. Human capital development is the continuous process from childhood to old age. It is also a most for any society or enterprise that wishes to survive under the complex challenges of the dynamic world. The study investigated to impact of human capital development an employee performance of selected oil service firms in River state, Nigeria. The study examines the impact of training an employee performance it also determine the impact of employee educational level on employee performance. The population of the study was 150, out of which 109 was determine as sample size through the use of Taro Yamane. Finding revealed that training has a positive impact on employee performance. Also employee educational level impact positively on the performance because of the X2 values is 70.862 greater than the tabulated value of 9.49. Finally, the recommendations were made that human capital development elements like training and retraining (on the job and the job) should be the focus point of the management. More proactive performance management system should be adopted. Staff development should be monitored on regular basis so as to know what strategies are to be adopted.