Central Bank of Liberia (CBL) Executive Governor, Dr. Joseph Mills Jones, has observed that organizational effectiveness depends on having the right people in the right jobs at the right time to meet the rapidly changing organizational requirements. According to Governor Jones, managing people is a dynamic, endlessly changing complex “and sometimes frustrating business.”
The CBL boss’ observation was contained in a statement read on his behalf yesterday by CBL’s Director of Administration, Madam D. Sheba Brown, at the opening of a week-long regional course on managing human resources for organizational effectiveness organized by the West African Institute for Financial and Economic Management (WAIFEM).
Thirty six participants representing financial institutions and governments of Liberia, Nigeria, Ghana, Sierra Leone and The Gambia attended the opening ceremony with more than six additional participants expected to arrive in the country.
In his speech, Dr. Jones noted that the dynamic and often nebulous nature of the employment relationship increases the difficulty of managing it.
He also noted that the problem is compounded because of the multiplicity of factors that influence the contract; the culture of the organization; the prevailing management style; the values adopted and practiced by top management; the existence or non-existence of the climate of trust; day-to-day interaction between employees and line managers; and the personnel policies and practices of the organization.
Governor Jones pointed out that the most critical component of the vast array of organizations’ resources are their human resource as it galvanizes the other resources needed to produce goods, provide services and to give the organization its character and identity.
“It is also acknowledged as a vital instrument for organizational growth and survival and an invaluable asset to invest in so as to add to its inherent value,” Jones.
Earlier, WAIFEM’s Director General, Professor Akpan H. Ekpo, gave hints that the objective of the course is to examine the role efficient human resource management can play in organizational effectiveness and economic development.
According to the WAIFEM Director General, the course would specifically prepare participants to appreciate the need for change management, organizational culture as well as gender issues at work place.
“Also, the course would reel out strategic and policy issues in human resource management and their linkages to national and regional economic development,” he stated.
The broad themes to be covered in the seminar include: evolution and overview of human resource management; strategic and policy issues in human resource management—what it is, and difference from regular human resource practice; development and appreciation of human resource value to firms in the 21st century; diversity and inclusion in a work place, amongst many others.
Professor Ekpo, meanwhile, thanked the CBL Management for supporting the training and for the hospitality the Bank is providing to WAIFEM officials including the facilitators and the participants. The training exercise runs from March 17-25.