Human Capital Management and Organisational Performance of Selected Multinational Corporations (MNCs) in Nigeria

Abstract

Human Capital Management (HCM) transcends the individual organizations such that its 
impact dictates the pace of the development in the community, society and over all universe. 
The implication of aggregate collaborative effort in Human Capital Management (HCM) 
development can be felt in the whole world such as it happened with the industrial revolution 
and consequently the abrogation of slave trade and ownership. Such are the impact and space 
the Human Capital Management (HCM) occupies on the developmental space. The study 
examines how Human Capital Management (HCM) can be a driver of Organizational Growth 
and to what extent Human Capital Management (HCM) can be a driver of Organizational 
development. The study adopted quantitative method in this research. It employs five 
multinational companies as its population using historical development in Nigeria, the firms 
are UAC, NESTLE, CADBURY, UNILEVER and PZ. The historical survey of the company 
and information from annual report books from 2005 to 2024 were taken and used for this 
study. The annual turnover of each company was used as the representative of multinational 
corporations (MNCs) and was regressed against annual payment in wages to measure Human 
Capital contribution to Organization growth. Also, the net profit of the firms over the years 
were correlated against remuneration earned as a measure of Human Capital contribution to 
Organization development. The two hypotheses were tested using regression analysis for the 
first hypotheses and Spearman Correlation for the second hypotheses. The period of twenty 
years space investigated reveals and supports the view that Human Capital Management is a 
driver of Organization growth and development. It was discovered that collaborative effort 
toward human capital management do bring about overall development in society.  Historical 
development indicated continuous growth hand in hand with the advancement in human capital 
management and overall living conditions in the world. The overall improved standard of living globally has shown human capital management to be driver of both organization growth and organization development.