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| Human Resources Management and the Performance of Oil and Gas Companies in Nigeria
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Ochei Ngozi Fidelia, Omole Ilesanmi I. , Afolabi Chukwudi O.
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Abstract:
The effect of human resources management on the performance of Nigerian oil and gas companies is examined in this study. Statistics on profit margin, training and development costs, and employee recruiting and selection costs were taken from the annual reports of ten Nigerian oil and gas businesses that are publicly traded throughout a ten-year period, from 2012 to 2021. Because their t-statistics were calculated to be greater than the critical value of 5%, the results of the OLS panel model regression indicated that training costs, development costs, and employee recruitment and selection have no discernible effect on the financial performance of Nigerian oil and gas companies. According to the study's findings, Nigerian oil and gas businesses' financial performance is not significantly impacted by human resources management. As a result, it was suggested in this study that Nigerian oil and gas businesses should give their employees' training and development greater attention. Also, better hiring and selection criteria should be used. In addition, it was suggested that factors like remuneration and rewards and performance evaluation would be added as stand-ins for human resources management in the following study, which would also include other non-financial organizations. Human Resources, Training and Development, Recruitment and Selection Costs, Financial Performance,
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