EXCERPT FROM THE STUDY
According to Oyinlola and Adeyemi (2014) human capital development refers to the acquired and useful abilities of all the inhabitants or members of the society. Audu, Igwe and Onoh (2013) assert that human capital development consists of conscious efforts to amplify human knowledge, improve skills, productivity and inspire resourcefulness of individuals. Hines (2000) defines it as the combined knowledge, skills, innovativeness and ability of the company’s individual employees to meet the task at hand. It obviously includes intangibilities such as the company values, culture and philosophy. Paul, Wada, Audu and Omisore (2013) believes that human capital development is the process that relates to training, education and other professional initiatives/interventions in order to increase the levels of knowledge, skills, abilities, values, and social assets of an employee which will lead to the employee’s satisfaction and better performance, and eventually improved economic development.
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