Home > Finance, Bank Management > Vol 1 No 1 June 2013 Abstract 1
The Impact of the Environment on the Management of Human Capital
Wurim, Ben Pam
Journal of Finance and Bank Management, 1(1), pp. 01-13.

Abstract

The environment in which an organisation finds itself considerably dictates the way and manner in which the human capital of the organisation is planned and managed. The environment consists of a plethora of forces (environmental challenges) that exert varying degrees of pressure and influence on the planning of human capital. The principal objective of this paper is to investigate the factors militating against the planning and management of human capital planning in public organisations. Three hypotheses in line with these objectives were drawn and tested based on the data gathered through a questionnaire. The survey investigation method was used in collecting the primary data for the study. The sample consisted of 349 middle level management staff of five public sector organisations in Nigeria. The results show that the planning and management of organizational people is significantly influenced by political influences, traditional rulers and military rulers; globalization, economic meltdown and technological changes; and the corporate strategic plans and objectives of the organization. Based on the aforementioned, the paper concluded that the environments in which organisations find themselves contain key trends and forces that have potential impact on the management and planning of human capital and these factors possess both opportunities and threats which, if well harnesses and checked can be great potential for public sector organisations. The paper recommends advocacy by HCP managers to influence detrimental laws that affect or influence HCP; training programmes and updates on technological changes and the need to harmonize HC plans with corporate strategic plans.



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Wurim, Ben Pam. (2013).The Impact of the Environment on the Management of Human Capital. Journal of Finance and Bank Management, 1(1), pp. 01-13.

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Wurim Ben Pam is a senior lecturer with the Plateau State University, Bokkos; Jos-Nigeria. His career spans both management and accounting fields. At the University of Nigeria, Nsukka, he bagged a Doctor of Philosophy (Ph.D) Degree in Management (Human capital planning & management). His M.B.A is from the famous Ahmadu Bello University, Zaria. Wurim attended the Nigeria College of Accountancy, Jos, which qualified him as a Certified National Accountant. He has put in 24 years of unprecedented service to His country while working for National Directorate of Employment. This merituous service earned him commendation for transparency by the Nasarawa State government. Wurim is also an awardee of the 2012 International Who’s Who Historical Society, North Carolina. He has published a book, and many articles in human capital, accounting, psychology, law and finance, among which are several devoted to exploring and articulating human behavior in the workplace.