Human Capital Development Drivers and Organizational Innovativeness: Perspective from Consumer Goods Sector in South-West Nigeria

Abstract

The role of employees in achieving organizational objectives is highly important, hence, organizations investment hugely in driving human capital development in order to achieve innovativeness objective of the organization. Despite this, news of organizations’ failures due to inability of employees to exhibit the right behaviour still makes headlines. The study examined the impact of human capital development drivers on organizational innovativeness. The research focused on the food sub-sector in Consumer Goods Sector in South-west Nigeria. The study employed spearman correlation and regression analysis with SPSS 20.0 to analyze the data collected from the 388 respondents from nine firms in the food sub-sectors. The results show that human capital development drivers have a positive significant impact on organizational innovativeness with significant constant of 2.968 and slope of .111, .090, .134 and .231 at .000, .002, .003 and .000 significant level for training policy, external assignment, competitive salary, and mentoring and coaching (Human capital development drivers) respectively. Based on the findings, it was recommended that management should ensure that the training needs of their employees are identified periodically and appropriate action should be taken to assist such employees in order to be able to contribute positively to organizational innovativeness and management should also facilitate mentoring and coaching practices in the organization in order to share tacit knowledge among employees and be able to attain organizational innovativeness