International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Management of Human Capital Change, its Implications for Business Growth and Survival in Nigeria
ADETOSO, Jonathan Adegoke; OLADEJO, Kayode Samson

This study centers on the major changes in human resources that have plagued small scale organizations in the recent times especially in this hard time of Global economic meltdown and the methods of adjustment that best worked for them toward sustainability and improved productivity. The methodology adopted was weighted mean and Pearson correlation co-efficient. The finding reveal that small scale organizations mostly adopt the strategy of reduction in staff salaries followed by downsizing exercise before recruiting more qualified staff and thereafter applying job enlargement and/or enrichment options. Moreover, not all change processes lead to improvement in organizations productivity as exposed in the literature. The area of practical implication suggests that a more inward approach of scanning through the existing staff and training from within be adopted as these may pose cheaper options as well as lead to more satisfied workforce.

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