The Impact of Human Capital Development on Organizational Survival of Selected Paint Manufacturing Firms in Port Harcourt

Abstract

This study examined the impact of human capital development on organisational survival of selected paint manufacturing firms in Port Harcourt. Skill development was used as the dimension of human capital development while innovation, adaptability and leadership support were used as the measures of organisational survival. Four research questions and four research hypotheses were used by the researcher. This study adopted a descriptive research design. The population of interest for this research consisted of 114 staff of selected paint manufacturing firms in Port Harcourt. The sample size of the study was 89 employees drawn from the use of random sampling technique. Questionnaire instrument was used to elicit data from respondents. Cronbach Alpha was used to determine the reliability coefficient, which 0.84 was obtained. The instruments were validated by four lecturers from the department of management in Ignatius Ajuru University of Education. The reliability of the instruments was determined by the data collected with the use of test re-test method and analysed with the aid of Pearson Product Moment Correlation statistical tool. Mean and standard deviation were used to answer the research questions while Spearman’s Rank Order correlation coefficient was used to test the hypotheses at 0.05 level of significance. The study revealed among others that skill development is positively and significantly correlated with innovation, adaptability and leadership support. The study concluded that skill development enhances innovation in an organisation, helps organisation to adapt to its environment, promotes leadership support and empowers the organisation for competitive advantage. It was therefore recommended among others that; organisations should emphasis on employee skill development which will enable employee to be innovative and strive towards organisational survival. The human resource department should ens