Professional Documents
Culture Documents
DEVELOPMENT IN ACHIEVING
ORGANIZATIONAL GOAL
(A CASE STUDY OF GUARANTY TRUST BANK, ILORIN
KWARA STATE)
BY:
JULY, 2022
i
CERTIFICATION
This is to certify that this research work has been carefully assessed and
approved as meeting part of the requirement for the award of National Diploma
ii
DEDICATION
This project is specially dedicated to Almighty Allah for his infinite mercy
upon my life, and also dedicated to my lovely parent MR. and MRS.
ABDULRAHEEM
iii
ACKNOLEDGEMENT
iv
RISIQAT,RODIAT,SIKIRAT,ABIBAT,OLAMIDE,WASIU,AMINAT And my
second mum, MRS ABDULRAHEEM, , I really appreciate for your support
doing my academics. I also thanks for your contribution, May Almighty Allah
bless you all [AMEEN].
Also to my lovely sister from another womb AUNTY MUMINAT, I
really appreciate for your support and caring toward me may Almighty Allah
reward you for your good deed. Also to my brother USTAZ best after dad,
BROTHER BIDEMI, I really appreciate you for your financial support and also
your care and support toward me, having you as a brother make me feel happy and
special may Almighty Allah bless you for me.[AMEEN]
ALSO TO MY BOYFRIEND ALIYU OMOKEHINDE, having you as a
boyfriend really make me happy .I appreciate you for your financial support and
prayer on me. May Almighty Allah continue to provide for you and bless you with
health and wealth . I also pray that God will not separate us.
My appreciation also goes to my lovely friends ABDULAHHI,
RAMOTATALAHI, MUTIU, My name sake A.K.A [IYAWO ILE] SOFIAT,
FODILAT, GANIYAT, OLUWABUKUNMI ,ONIBOKI And my villa mate.
IPADEOLA my gist partner, MARIAM My fight partner ESTHER My
hairdresser, UNOWO, YUSUF, LATEEF SOMOD, And My lovely
LANNDLORD. having you around me makes me feel happy , may Almighty
Allah stay with you and never leave you [AMEEN].
Finally my appreciation goes to my personal person, my school Father,
my course mate, RASHEED A.K.A[PAPARASI] I thank you for your support
doing my academic, you have been my back bone since the beginning of my
National Diploma programme may Almighty Allah be with you and bless you
with all you want[AMEEN].
v
TABLE OF CONTENTS
Title page
Certification
Dedication
Acknowledgement
Table of contents
CHAPTER ONE
1.0 Introduction
1.1 Background to the study
1.2 Statement of the problem
1.3 Research question
1.4 Objectives of the study
1.5 Research hypothesis
1.6 Significance of the study
1.7 Scope of the study
1.8 Definition of terms
CHAPTER TWO
vi
2.3 Theoretical review
CHAPTER THREE
CHAPTER FOUR
CHAPTER FIVE
vii
viii
CHAPTER ONE
INTRODUCTION
1
importance given to training and staff development in any organization cannot be
over emphasized.
Guaranty trust bank plc was incorporated in July 1990, as a private limited
liability company wholly owned by Nigerian individual as institution.
In its second year of operation (1991) GT Bank declared a profit after tax
of 42 million, and promptly paid a dividend of 1.25 million to its shareholders.
The following year 1993 and intern divided was paid for the first time. The sum of
(25milllion) was also paid from a profit after tax of 319million. This sets a lasting
tradition and now the bank remains an existing institution in Nigeria that pays both
intern and fund dividends each financial year. Using a base period of November
2001, shareholders have reaped returns over 400% on their investment.
2
The bank obtained a universal banking license in February 2002 giving
credence as an excellent financial service provider, the bank’s financial capacity to
meets obligations as they fall had led to a credit risk rating by August and co-
limited, one of the foremost credit rating agencies in Nigeria, the bank introduced
e-banking services in the last three years, it has been rated as the best amongst
those of other Nigeria banks. The bank was appointed as a settlement bank by the
central bank of Nigeria (CBN) in 2003.
The bank has over the years, been a recipient of several awards of superior
financial performance, superior customer service delivery excellent share
performance, management efficiency etc. in 2001, it clinched too pearl awards for
quoted companies on the stock exchange in the dividend yield and sectored
leadership categories in 2002, it received the corporate issuers table award from
rulers- SBET Research in 2003, the bank was nominated for, a consumer
sensitively award in the banking sector for consumer services excellence.
The bank’s latest financial statement for 2006/2007, year ended February
28, 2008 shows a group profit before tax of 10.2billion, total assets base plus
contingents over 225billion return on average equity of 59% and earnings per
share of 238 kobo on every ordinary share of 50 kobo held.
3
harnessed from tested findings and discoveries of science and the certainly of
training of its population to use the knowledge.
4
is sad that some businesses in this modern time do not have such for their staff
rather they fire and hire at will. This obviously has affected the operational level
of these businesses. Therefore, this research aims at drawing the attention of
business organizations to the needs to manpower training and development.
5
5. To draw conclusion and give some recommendations for a way forward.
1. Ho: There’s no conceptual and theoretical need for manpower training and
development;
Hi: There’s conceptual and theoretical need for manpower training and
development;
5. Ho: There’s no need for any recommendation for manpower training and
development
Hi: There’s need for many recommendation for manpower training and
development, so as for these to provide way out to the problems facing the
organization development
6
7
1.6 SIGNIFICANCE OF THE STUDY
The research shows that a well trained staff will enable the organization
achieve its laudable objectives. Every organization return on investment in
training is most needed.
Beside, no organization can spend money for the fun of it. Such investment
are made on staff training to acquire knowledge and skill which he would plough
back into the organization through the improved performance.
Furthermore, the study will stimulate further research in the areas of impact
of staff trainings on worker’s productivity in the Guaranty trust bank which is the
significance of the study
1.7 SCOPE OF THE STUDY
The areas of making this research are limited to the impact on training on
workers’ productivity in Guaranty trust bank limited, Ilorin. The groups of the
people that encompass in this company include the top management staff, the
middle staff and the operatives of the company.
When we are talking of the top management, these are the director and the
controller of the company while the middle management comprises or shows the
senior managers and the junior mangers who we know as supervising level. Then,
on the operative’s level, these are the workers which are the clerk, mechanist,
factories workers and so on. They have 269 workers presently and this company is
regarded as homogenous company and we can see that big making the fact of this
company we see that training and development in Ilorin here is more the same
with any branch throughout Nigeria.
8
1.8 DEFINITION OF TERMS
ii. PLANNING: It’s a strategy by which organization ensures that right number of
employees with the right talent/ skill occupy the right position of the
concepts that may be useful for present and future specification response
iv. EFFECT: This is referred to how frequently and perfectly human or machine
are able to carry out a task leading to a required output that always resulted
9
CHAPTER TWO
LITERATURE REVIEW
2.1 INTRODUCTION
10
situations, especially where stress is involved, the individual concerned may be
totally unaware of his motives while others may see them clearly (Cole, 2016). It
is important for those in managerial or supervisory positions to be aware of these
issues and to take their work, because our understanding of others determines ours
attitudes towards them and the assumption we make about their behavior. If we
assume that a particular worker is hard working and reliable, we tend to treat them
with respondent trust, if we, however, see them as lazy and unreliable we are
likely to treat them with strict control and supervision Mullins (2012) says
people’s behaviours is determined by what motivates them. Their performances
are the product of both ability level and motivation. Therefore, since managing
involves the creations and maintenance of an environment for one performance of
individual working together in group towards the accomplishment of common
objective, it is imperative for managers to know what motivates the people and
what induces people’s behavior. If the manager is to improve the work of the
organization, therefore attention must be given to the level of motivation of its
members. The manager must also encourage staff to direct efforts i.e their driving
force toward the successful attainment of the goals and objectives of the
organization and attitude training involved a sequence of planned experienced
designed to bring about relevant and predictable changes on the job, off the job
within and outside the organization. He explained further that money spent on
training is an investment and no organization can keep mediocre, untrained, ill-
trained or unskilled personnel and expert to make project in a fast changing
technological age. The training function is therefore that of the personnel
department which is assigned the responsibility and authority for the training and
development of personnel.
11
12
2.2 CONCEPTUAL FRAME WORK
Employees who have not required adequate training before being assigned
with responsibilities lack the necessary confidence with which to carry out the job.
An employee should be helped to grow into more responsibility by systematic
training and development.
13
to increase his/her knowledge which will consequently assist in solving some
technical problems arising from the job performance.
Training usually refer to specific factual and narrow range of control, while
development implies a focus on general decision making and human relations
skills
MCGehee and Thayer (1961) see training as the formal procedures which
an organization uses to facilitate employees learning so that their resultant
behavior contributes to the attainment of the organization as well as the individual
goals and objectives.
14
Cole (2002) defines training as any learning activity which is directed
towards the acquisition of specific knowledge and skill for the purposes of an
occupation of task. He contends that the focus of training is the job or task.
15
jobs and that if this was not so it was evidence that initial selection of personnel
was at fault”. (Stahl, 1976).
This assumption has been jettisoned as the need for training became
obvious both in the private and the public sectors.
Training has become more obvious given the growing complexity of the
work environment, the rapid change in organization and technological
advancement which further necessitates the need of training and development of
personnel to meet the challenges. Many organizations have come to recognize that
training offers away of “developing skills, enhancing productivity and quality of
work and building workers loyalty to the firm”.
16
attitude and social behaviour of its members in the ways that are consistent with
the goals of the organization and the requirements of the job. The overall aim is to
increase or improve a person’s contribution to the achievement of the
organizational goals.
Training according to Davar (1950), states that its main goal is “To induce
a suitable change in the individual concerned”. It is “to bridge the gap between
existing performance ability and desired performance”.
17
Training and development as stokes (1966) put it rest on the fact that “a
person learns through experience which may be actual, hearing or reading about
the experiences of others”.
18
CHAPTER THREE
3.1 INTRODUCTION
The system of collecting data for the research project is known as research
methodology. The data may be collected for either theoretical or practical research
for example management research may be strategically conceptualized along with
operational planning method and change management.
19
large population, sampling population is used to avoid possible errors in dealing
with population. The population size was narrowed down to determine the sample
size. A statistical formula was used in determining the sample size.
Taro Yamani formula as quoted in Nwa buokei (1969) was applied and it is
stated as follows:
N
n= 2
1+ N (e)
1 is constant
N
n= 2
1+ N (e)
Where N = 250
e = (0.05)2 (0.0025)
250
n= ❑
1+250 ( 0.0025 )
250
n=
1+0.625
250
n=
1 .625
20
= 153.846
n = 154
n 1(n)
N 1=
N
Where N1 = Element within the sample frame i.e. number allocated to each
class of employee (department).
N = Sample or the proportion of the universe used for the study. (total
sample size).
Departments:
7) Technical/service Dept 80
21
62 x 154 9548
N 1= = =38.19=38
250 250
Technical/service dept.
80 x 154 12320
N 1= = =49.28=49
250 250
40 x 154 5390
N 1= = =21.56=22
250 250
40 x 154 6160
N 1= = =24.64=25
250 250
Audit dept.
33 x 154 5082
N 1= = =20.32=20
250 250
To cross check:
38 + 49 + 22 +25 + 20
22
QUESTIONNAIRE: These are list of questions designed to elicit information
from the respondent by filling in the specific information about a particular
problem, it is obtained and analyzed and interpreted in order to make an effective
business decision.
The questionnaire, interview and personal observations were used for the
collection of the data. The instruments used for the collection of data are meant for
national electric power authority, Ilorin as a case study of the research work.
Presenting and analysis the data collected techniques from the researcher of
the research work the statistical techniques with which the various data were
presented in the research work was the tabular form, at the end of which
interpretation were made. The chi-square formula was utilized for analysis and
cross tabulation of data obtained in the courses of this research work.
23
In September 1996, Guaranty trust Bank Plc became a publicly quoted
company and won the Nigerian Stock Exchange President Merit award the same
year and subsequently 2008 and 2009, 2003, 2005, 2006, 2007, 2008 and 2009. In
February 2002, the Bank was granted a universal banking license and later
appointed a settlement bank by the central bank of Nigeria (CBN) in 2003.
Guaranty trust Bank undertook its second share offering in 2004 and
successfully raised over #11 billion from Nigerian Investors to expand its
operation and favorably compete with other global financial institutions. This
development ensured the Bank was satisfactory poised to meet the #25 billion
minimum capital base for banks introduced by the Central Bank of Nigeria in
2005 as part of the regulating body’s efforts to sanitize and strengthen Nigeria
banks post-consolidation Guaranty trust Bank plc made a strategic decision to
actively pursue followed in June 2005, which saw offering, an aggressive
expansion strategy and its vibrant orange identity.
In 2007, the bank entered the history books as the first Nigerian financial
institution to undertake a US$ million regulation and Eurobond issued and a USS
750 million Global Depository Receipt (GDR) offer.
The costing of thee GDRS on the London Stock Exchange in July that year
made the Bank the first Nigerian Company and African Bank to be listed on the
main market of London Stock Exchange.
24
In May 2011 the Bank successfully launched a US$ 500million bond. The
first non-sovereign branch mark bond offering from sub-Sahara Africa (outside
South Africa), to the international community. The highly successful offering
which matures in 2016, went further to show the international finance
community’s believe in the GT Bank brand.
In 2017, the Bank issued a USD 400,000,000 Euro bond at a coupon rate of
6% the least obtained by a Nigerian company in the international capital market
the Euro bond was issued under thee USD 2,000,000 Global medium Term note
programme, which is registered under both Regulation in the United State of
America and rule 144A in the United Kingdom and sold to investors across
Africa, America, Asia and Europe.
25
CHAPTER FOUR
4.1 INTRODUCTION
SECTION A TABLE 1
ANALYSIS OF BIO-DATA
These diagrams present the sex of the respondent in either male or female.
RESPONDENTS FREQUENCY %
Male 84 54.55
Female 70 45.45
26
The table above shows that 84 respondents were male represent 54.55%, 70
respondents were female representing 45.45%
TABLE 4.2
RESPONDENTS FREQUENCY %
20-30 60 38.96
31-40 54 35.07
41-above 40 25.97
TABLE 4.3
RESPONDENTS FREQUENCY %
Married 65 42.21
Single 49 31.82
Divorced 40 25.97
27
The table show that 65 respondents are still married representing 42.21%,
49 respondents are single representing 31.82% while 40respondent are divorce
representing 25.97%. We can see that there are more married respondents in the
bank
TABLE 4.4
RESPONDENTS FREQUENCY %
S.S.C.E 50 32.47
ND 44 28.57
HND/BSC 40 25.97
28
SECTION B
RESPONDENTS FREQUENCY %
Yes 80 51.95
No 74 48.05
Total 154 100
Source: Field Survey, 2022
TABLE 4.7
RESPONDENTS FREQUENCY %
No 54 35.06
The table show above those 100 respondents answered yes while 54
respondents also answered no.
29
TABLE 4.8
RESPONDENTS FREQUENCY %
Yes 90 58.44
No 64 41.56
TABLE 4.9
RESPONDENTS FREQUENCY %
Yes 84 54.55
No 70 45.55
30
The table above shows that 84 respondents answered yes while 70
respondents answered no.
RESPONDENTS FREQUENCY %
Yes 85 55.19
No 69 44.81
TABLE 4.11
RESPONDENTS FREQUENCY %
Yes 64 41.56
No 90 58.44
31
The table above shows that 64 respondents answered yes while 90
respondents also answered No.
TABLE 4.12
RESPONDENTS FREQUENCY %
Yes 54 35.06
No 100 64.94
The table above shows that 54 respondents answered yes while 100
respondents also answered no.
RESPONDENTS FREQUENCY %
Yes 80 51.95
No 74 48.05
32
The table above shows that 80 respondents answered yes while 74
respondents also answered no.
This study was aimed at achieving some stated objectives. This research
posited some hypothesis in the beginning of this study. After the analysis, we
discovered the following:
33
That training and development have an impact on employee
performance.
CHAPTER FIVE
5.2 CONCLUSION
34
correlation between training and development programmes and employees
performance. The need for training in organization cannot be over emphasized
It is pertinent to not that training should be undertaken for the sake of it. It
must be geared towards the objective of the organization. This is relatively
important because organization differ in culture and structure. In order to work out
a training programme, the training of each company have to be assessed
It is essential to know that the present skills are based in the objectives of
the labour resources cannot be concerns for nation educational institutional alone.
It is also the responsibility of the institution of perform the training function.
5.3 RECOMMENDATION
35
and employee performance in guaranty trust bank is an indication that some
recommendation will be required for training and development to achieve the
desire goals.
Employees should be trained often apart from the initial training they have.
Top-level staff should encourage low-levels staff to give due recognition and
seriousness to the organization training and development.
36
Training most encourage employee to acquire skills and experience under
good environment condition. All employees must be equally treated so that they
have equal chance of being selected for training programme.
37
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