IMPACT OF HUMAN RESOURCE COSTS ON THE CORPORATE PERFORMANCE OF SELECTED COMMERCIAL BANKS IN NIGERIA
Abstract
The study examined the impact of human resource costs on the corporate performance. Ex-post facto research design was adopted. The population of the study was made up of 14 commercial banks listed in Nigeria stock exchange. While the sample size of 10 commercial banks were judgmentally selected. Secondary data were extracted from the annual reports and accounts of the selected commercial banks for the study period of 5 years (2014-2018). Data were analyzed using panel data regression analysis. The findings revealed that staff cost has no significant impact on profit after tax, return on asset, return on equity and earnings per share but rather has a positive impact and relationship with the variables of corporate performance. The study concludes that though human resources accounting affects the financial performance but to a certain extent. Hence, there are other factors that could really determine the performance of banks outside human resource accounting. The study recommends that the performance of banks depend heavily on human resources management practices such as skills, attitudes, re-orientation and behaviour. Thus, the emphasis of the development of Human Resources Management (HRM) practices and business strategies should be directed in improving the aforementioned.
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