HUMAN RESOURCE SUPPLY AVAILABILITY AND CORPORATE SURVIVAL OF MULTINATIONAL OIL AND GAS PRODUCING COMPANIES IN NIGERIA
Abstract
This study investigated the relationship between human resource supply availability and corporate survival of multinational oil and gas producing companies in Nigeria. The study adopted a cross sectional survey design. Using the census sampling technique, responses were solicited from 52 key managers of the five multinational oil and gas producing companies in Nigeria selected for the study. As a quantitative study, the primary data collection instrument utilized was the structured questionnaire. The test for the reliability of the instrument was carried out using the Cronbach alpha reliability instrument with a reliability threshold of 0.70. Spearman Rank Order Correlation Coefficients was utilized to test the hypothesized relationships with the aid of Statistical Package for Social Sciences (SPSS) version 23.0. Findings from the study revealed that there is a positive significant relationship between human resource supply availability and corporate survival of multinational oil and gas producing companies in Nigeria. Based on the findings, it was recommended that human resource managers of multinational oil and gas producing companies should take steps to boost their external human resource supply, by initiating career development trainings for non-employees on skill-sets that are of specific interest to the organization, as this would serve as their future external human resource supply basket for those specific skill-sets in times of draught in those skill-sets.
Keywords: Corporate Survival, Dynamic Capability, Human Resource Supply Availability, Resource Acquisition
CITATION: Orianzi, R., & Tamunomiebi, M. D. (2021). Human resource supply availability and corporate survival of multinational oil and gas producing companies in Nigeria. The Strategic Journal of Business & Change Management, 8 (1), 220 – 232.
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DOI: http://dx.doi.org/10.61426/sjbcm.v8i1.1908
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