Human Capital Planning as a Tool for Organizational Growth and Development in the Banking Industry 'A Case Study of ECOBANK The Gambia'

Abstract

Purpose: The basic factor in an economic development is the rate at which the country produces people with imaginations, vision, education, theoretical, practical and analytical skills. Thus, no organization is known to have had a record of sustained growth and development without ample supply of qualified personnel to man their development efforts. Most successful organizations of today have proved that investment in human capital holds the key that unlocks the forces of growth and development. Methodology: This study is a survey to investigate human capital planning as a tool for organizational growth and development in the banking industry (a case study of ECOBANK, The Gambia) Fifteen research questions were formulated to guide the research. The subject used for the study consists of thirty respondents. The respondents are the senior and junior staff of the Bank branch randomly selected. The instrument used during this study was the questionnaire. Percentage score were used to analyze the data collected. Based on the analysis, Findings: the findings revealed that the bank has human capital planning department, has enough human capital to check shortfalls and has forecast future of human capital needs in terms of ills, numbers and ages. It is recommended that while the bank maintains its status quo on human capital management, it should as well make available the necessary information to them for competitively having an edge in the market.