1.1 Background of the study
The focus of this research is on the contributions of human capital management towards the achievement of organizational goals.
Human capital management is a branch of management concerned with the recruitment of development, control and welfare of the staff of the organization. It has to do with the promotion or dismissal of staff.
The point therefore in what value does this branch of management play to help the organization achieve its sets objective.
Some people argue that with or without human capital management the business organization can still achieve the business objectives.
According to Okorie (1992) who wrote in the business firms of February 9, 1992” such practices as human capital management studies seems to be merely academic exercise as good interpersonal relationship in organizational is imbued by nature and should be acquired by training. He went further to the example by saying that “such successful business as Omouka inter-business, the makers of rocket nails, sprang up and have been sustained by school nor read any personal management.
Since they can still succeed without it, in other words human capital management has nothing to contribute to the efficient running of business organization to achieve goals.
On the other hand Ibekwe (1984) say that since management itself means working with and through people, it is necessary to understand the word efficient way to work with the entire staff, management has something to contribute the good management of organization for the achievement of their broad goals.
It is therefore, the position of this research to solve the above conflict. The research should ascertain whether or not the human capital management has only goals. It has to make this contribution if human capital management has no contributions to make, the research will ascertain why, despite its effectiveness, i.e. widely employed in many modern business organization.
In addition, in every organization, there are three major resources to be managed if the organization wants to achieve its objectives and goals. These resources are humans, materials and financial resources. And out of these three, human resource management is the most important and difficult to manage. The reason being that every human being is born unique and therefore is bound to have different characteristics i.e. the ways they think, feel, reason and act.
Secondly, human beings control and co-ordinate the other resources. They constitute the workforce of an organization and are referred to as personnel. Since human nature plays a very major part in the overall success of an organization, it is therefore important to have an effect working relationship between the employee and the manager as this is essential for the success of the organization.
Human capital management, which involves the efficient and effective management within an organization, is one of the vital functions of Educational Administrators is because every administrator has a function to perform through this staff and his own abilities. Every university like other formal organizations needs human beings to execute its programs and achieve educational goals and objectives. To be able to achieve this, the Registrar who is the chief of administration has to ensure that personnel with whom the works knows what to do, when to do it and how to do it. Another name for HUMAN RESOURCES MANAGEMENT (H.R.M) is HUMAN CAPITAL MANAGEMENT. No matter the name; we chose to call it, its basic function is to deal with people who make up an organization. And these people have diverse interest, goals and values.
Akpakwu (2013) regards human capital management as the proper utilization of the people in an organizational goal. To this extent, it involves understanding the nature of people in an organization, their needs and aspiration and evolving the necessary strategies to accomplish these needs and aspirations. It also involves identifying the objectives of the organization.
Armstrong in Akpakwu (2003) sees human capital management as the process of obtaining, organizing and motivating the human resources needed in by an organization. He advocated for the creation of a very conductive and cordial environment in order to satisfy the needs of the workers and achieve organizational goals.
1.2 Statement of the Problem
It is true that many business organizations have succeeded without acquiring the formal knowledge of human capital management. But it is true that many of these organizations could have record more successes if scientific human capital management was applied in them.
The efficient of such organization would have trained or at least doubled in the presence of human capital management. Problem remains that we need t ascertain the extent roles human capital management plays to help these organizations achieve their objectives. There is the need to determine the most important; it can contribute towards the organizational efficiency.
Therefore, the problems of this study are posed as a question, they are:
- Does human capital Management contribute anything to the achievement of organizational goals?
- What are the ways of making these contributions?
- Does good human capital management improve productivity?
- Can efficient human capital Management change workers attitude to work?
1.3 Purpose of the Study
The major purpose of this study is to assess at the role of human capital management towards the achievement of organizational goals.
Specific objectives that guided the study are:
- To identify if there are human capital management contribution to the growth of NNPC Company.
- To examine the mode of contribution to the company
- To identify if human capital management improve productivity
- To examine if Human capital management training affect the attitude of staff in the organization
- Determine if Human capital management generally improve the efficiency of the organization.
1.4 Significance of the study
This study examines the effectiveness of human capital management in the achievement of organizational goals .
The findings and suggestions from this research work will help different sectors of business organizations lacking in human capital management to see the need of capital management to be implemented in their organization.
Finally, this research work is of strategic important to students and other researchers in the same area of study and it will also serve as a spring board or reference materials for other scholars in their own research work.
1.5 Research Questions
For the purpose of this research study, the researcher has adopted the following research questions:
- Does human capital management in any way contribute to the achievement of organization’s goals?
- Does effective management contributed to the achievement of organizational goals?
- Would effective human capital Management improve productivity?
- Does human capital management positively change workers attitude to work?
- Does quality human capital management generally improve the efficiency of organizations?
1.6 Scope/Delimitation of the Study
The research limited to the Nigeria National Petroleum Corporations “NNPC’ Port-Harcourt as the case study. The research will be conducted in the corporation. The conferment of the researcher NNPC was informed by the fact that it would be possible to carry out the research in all the Business organization in the country.
Therefore, the affairs of a given company or corporation needs to be studied and used as reference to obtain what implies to other firms in the country.
1.7 Definition of Terms
Human Capital Management: This is concern with the formal system for management of people within the organization with greater emphasis is place on planning, controlling, organizing, coordinating and others.
Management: This is the complementation of all the component of the organization control in one place in order to bring about efficiency and effectiveness in the organizational aims and objectives and does the process of determining the appropriate organizational structure.
Organization: This is a group of people that work together with aims and objectives to achieve organizational goals.
Efficiency: This is the ratio of actual outputs to actual inputs.