CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND OF THE STUDY
Organizations need training and
development to make sure they met with the changing circumstances, more
especially in banking sector training and development are needed to cope with
the standard required in the banking business.
Training and development will
increase performance and productivities, employees morals, better coordination
of man and materials. It will equally
increase the knowledge of workers, skills, attitude and preparing them for
future challenges on the job, it will also help in placing the right time. It will reduce the rate of turnovers in
banking industries.
1.2 STATEMENT OF THE PROBLEM
An effective training and
development is very important for the function of any business mostly in
banking industry. The caliber of those
that run most of the banking industries have not developed the ability to attract
and not developed the ability to attract and maintain competent managers and
customers. The nations economy in recent
years has been very much depressed.
There have been failures in the banking industry. Many banks have failed due to lack of training
and development in the banking sector.
As a result of these we want to investigate the effect of training and
development on:
(a)
The
level of profit of the banks
(b)
The
level of fraud in the banking industry
(c)
The
problem of redeployment to staff after training.
1.3
OBJECTIVE OF THE STUDY
The following are the objectives
of the study:
1)
To
develop an efficient workforce at all level to ensure that corporate objective
is met.
2)
To
ensure better training and more cost effective performance.
3)
To
prepare an employee to undertake a completely different job from that which he
is familiar with.
4)
To
prepare worker for a higher – level job.
5)
To
increase productivity in terms of quality and quantity.
1.4
SIGNIFICANCE OF THE STUDY
This study will be of grate
importance to government, business directors especially in the banking
industries.
(1)
The
study will help to know the need for continued investments in training and
development by Nigerian government as well as banks.
(2)
The
impact of training and development will help us know the overall performance,
efficiency and probability of the banking industry.
(3)
It
will help us determine the role these success could translate on Nigeria
ending economy.
(4)
The
study will help the managers in the management of banks business.
1.5
LIMITATION OF THE STUDY
The researcher encountered a
number of problems in the course of carrying out this research work. Some of the limitations the researcher
encountered in the course of the research work are:
TIME:
A research work required enough time to cover many areas effectively but
since the researcher is a student with other academic commitment, the time
allocated here was limited.
FINANCE: This
also is another problem a researcher encounter, due to high cost of research
materials, transportation cost and limited resource of income cost and limited resource of income coupled
with the present economic hardship facing the nation; The researcher have to utilise the little
that is available/
TRANSLATING: Most of project materials was written in
English 2 but a researcher to translate it into vernacular or to his local
dialect in order to read meaning into it, is a very big problem. However, these constraints did not made a
researcher to carryout a good research work.
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