Human Capital Development and Employee’s  Performance in Manufacturing Companies in Nigeria

Sunday P. Udoudo¹, Inemesit N. Ebito², Uduak B. Ubom³ 
(1. Department of Management, University of Uyo, Nigeria; 2. Department of Business Management, University of Uyo, Nigeria;
3. Department of Banking and Finance, University of Uyo, Nigeria)

Abstract: This paper examines the relationship between human capital development and employee’s performance in manufacturing Companies in Nigeria. Specifically, it sought to examine the significance of the relationship between formal education, skills and employee’s creativity on the employee’s performance. The study adopted a survey design method using a modified questionnaire for data collection. Four quoted manufacturing companies were selected for the study with a population of 345 employees. The study adopted Taro Yamane method of determining sample size to obtain 185 respondents who attended to the questionnaire.. Frequency distribution statistics, descriptive statistics, percentages and Pearson correlation coefficient were employed in analyzing the data, aided with the Statistical Package for Social Sciences (SPSS) version 23.0. Results from the analysis showed that formal education, skills and employee’s creativity have significant relationship with employee’s performance in manufacturing companies in Akwa Ibom and Cross River States of Nigeria. The study recommended that manufacturing companies should promote human capital development by training employees in formal education, improve on the skills of the employees through on-the-job and off-the-job training and encourage employee’s creativity by way of reward.

Key words: human capital development; formal education; skills; creativity; employee’s performance

JEL codes: M12