Human Resources Management Practice and Firm Performance in the Nigerian Oil and Gas Industries

The study explores the relationship between human resource management (HRM) practices and firm performance in the Nigerian oil and gas industry, addressing a critical gap in understanding how staff orientation impacts organizational outcomes. Despite extensive research on HRM, limited attention has been given to its influence on employee retention, customer retention, and productivity in this sector. Using a survey of 714 HR professionals and managers, the research identifies significant correlations between effective staff orientation and enhanced employee retention, which subsequently improves customer retention and productivity. These findings underscore the importance of comprehensive orientation programs, employee-focused strategies, and continuous HRM evaluation to boost firm performance. The study provides valuable insights for practitioners and policymakers, emphasizing the need for customer-centric cultures and robust HRM practices to drive organizational success.

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Publication Details

Journal
International Journal on Economics Finance and Sustainable Development
Published
2024-11-27
DOI
https://doi.org/10.31149/ijefsd.v6i11.5335
Primary Topic
Reservoir Engineering and Simulation Methods
Type
article
Field-Weighted Citation Impact
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article

Human Resources Management Practice and Firm Performance in the Nigerian Oil and Gas Industries

OZIMS EKWUTOSI, Alugbuo Cosmas Chukwubuike
International Journal on Economics Finance and Sustainable Development
Reservoir Engineering and Simulation Methods
article

Human Resources Management Practice and Firm Performance in the Nigerian Oil and Gas Industries

OZIMS EKWUTOSI, Alugbuo Cosmas Chukwubuike
article en

Abstract

The study explores the relationship between human resource management (HRM) practices and firm performance in the Nigerian oil and gas industry, addressing a critical gap in understanding how staff orientation impacts organizational outcomes. Despite extensive research on HRM, limited attention has been given to its influence on employee retention, customer retention, and productivity in this sector. Using a survey of 714 HR professionals and managers, the research identifies significant correlations between effective staff orientation and enhanced employee retention, which subsequently improves customer retention and productivity. These findings underscore the importance of comprehensive orientation programs, employee-focused strategies, and continuous HRM evaluation to boost firm performance. The study provides valuable insights for practitioners and policymakers, emphasizing the need for customer-centric cultures and robust HRM practices to drive organizational success.

International Journal on Economics Finance and Sustainable DevelopmentVol. 6(11)
Imo State University (NG)
Decent work and economic growth
Openalex Percentile: Top 71%
Reservoir Engineering and Simulation Methods
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Human Resources Management Practice and Firm Performance in the Nigerian Oil and Gas Industries — OZIMS EKWUTOSI, Alugbuo Cosmas Chukwubuike · International Journal on Economics Finance and Sustainable Development (2024) | TGRS Research Map | TGRS