An Examination of Human Resource Planning and Business Sustainability in Guaranty Trust Bank, Borno State
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Background of the Study
Human resource planning (HRP) is a critical function in organizational management, ensuring that the right personnel are available to achieve business goals (Boxall & Purcell, 2023). In an era marked by rapid technological changes and global market shifts, HRP plays a pivotal role in fostering business sustainability by aligning human capital with organizational needs. Sustainability, in a business context, involves integrating environmental, social, and economic practices into strategic operations to maintain long-term viability (Elkington, 2023). Specifically, in the banking sector, HRP is instrumental in ensuring a workforce that can adapt to evolving customer needs and regulatory changes, making it a key factor in organizational resilience and growth. Guaranty Trust Bank (GTB) in Borno State provides an ideal case study for understanding the relationship between HRP and business sustainability. GTB, one of Nigeria's leading financial institutions, has faced several challenges in recent years, including security concerns, technological disruptions, and fluctuating market conditions. Effective HRP in such a volatile environment could significantly impact the bank's ability to remain competitive and sustainable (Smith & Williams, 2024).
Borno State presents unique challenges for business operations, particularly for financial institutions like GTB, due to socio-political instability and security concerns. In this context, HRP not only serves to secure the right talent but also plays a strategic role in ensuring that employees are resilient, adaptable, and capable of navigating the uncertainties that often characterize the region. By strategically planning human resources, organizations can enhance their ability to survive and thrive amidst these challenges, contributing to overall business sustainability (Jones, 2025). This study, therefore, aims to explore how human resource planning at GTB can impact its long-term sustainability in such a volatile environment.
Statement of the Problem
Despite the growing importance of human resource planning in business sustainability, there is limited empirical research on the specific impact of HRP on sustainability within the Nigerian banking sector, particularly in areas experiencing socio-political instability like Borno State. While GTB has made significant strides in adapting to the changing economic landscape, there is little understanding of how its human resource strategies contribute to the bank’s ability to navigate regional challenges and ensure long-term business sustainability. This knowledge gap underscores the need for a focused examination of how HRP influences business outcomes in such contexts. Furthermore, there is insufficient evidence on how HRP practices are tailored to respond to the unique demands posed by unstable environments, including talent retention, skills development, and organizational adaptability. This study seeks to address these gaps by examining the relationship between HRP and business sustainability in GTB, offering valuable insights for both academics and practitioners in the field.
Objectives of the Study
- To evaluate the role of human resource planning in enhancing the sustainability of Guaranty Trust Bank in Borno State.
- To investigate the relationship between HRP practices and organizational adaptability in GTB.
- To assess how HRP can help mitigate the risks posed by socio-political instability in the banking sector.
Research Questions
- What is the role of human resource planning in the sustainability of Guaranty Trust Bank in Borno State?
- How do HRP practices contribute to organizational adaptability within Guaranty Trust Bank?
- In what ways can HRP practices help mitigate risks associated with socio-political instability in Borno State?
Research Hypotheses
- Human resource planning significantly enhances the sustainability of Guaranty Trust Bank in Borno State.
- There is a positive relationship between HRP practices and organizational adaptability in Guaranty Trust Bank.
- Human resource planning reduces the negative impact of socio-political instability on Guaranty Trust Bank’s operations.
Scope and Limitations of the Study
The scope of this study is limited to Guaranty Trust Bank in Borno State and focuses primarily on the role of human resource planning in the bank's sustainability. The study will examine HRP practices from 2023 to 2025, considering recent developments in the Nigerian banking sector. One limitation of the study is the accessibility of data due to security concerns in Borno State. Additionally, the research may be limited by the scope of the sample size, as it will be confined to GTB's operations within the region.
Definitions of Terms
- Human Resource Planning (HRP): A strategic process that ensures the right number of people with the right skills are available to meet the business goals of an organization.
- Business Sustainability: The ability of an organization to continue its operations over the long term while considering economic, environmental, and social factors.
Organizational Adaptability: The capacity of an organization to adjust effectively to changing external conditions, including market shifts, technological advances, and socio-political challenges.
