Human Resource Succession Planning and Resilience of Multinational Oil and Gas Producing Companies in Nigeria
DOI:
https://doi.org/10.53819/81018102t2339Abstract
The aim of this paper was to investigate the relationship between human resource succession planning and resilience of multinational oil and gas producing companies in West Africa, Nigeria. Cross sectional survey was the research design adopted and because this study was a macro level study, the five multinational oil and gas producing companies in Nigeria constituted the population, and the executives of the multinational oil and gas producing companies who are fifty-two (52) in number constituted the sample size while also adopting the census technique. Being a quantitative study, the structured questionnaire was used to gather data for analysis while the Cronbach Alpha of 0.7 was adopted as the reliability standard. This analysis was aided with the use of the Statistical Packages for Social Sciences (SPSS) version 26.0. Spearman Rank Order Correlation Coefficient was adopted as the statistical tool used in ascertaining the degree and level of relationship in the hypothesized statements. The findings derived from this study showed a moderate significant positive relationship between human resource succession planning and resilience of multinational oil and gas producing companies in Nigeria. The results showed that indeed human resource succession planning significantly impacted on the measure of resilience (situation awareness). Relying on the findings derived from this study, the researcher recommends that to become resilient, top executives and decision makers in the multinational oil and gas producing companies in Nigeria, should formulate an effective and efficient succession planning technique that will ensure continuity of leadership, ethics and culture that will enable the corporation to gain competitive edge. In addition, the human resource manager needs to take the succession planning technique seriously, as this will aid the multinational oil and gas producing companies to depend less on external human resource supply, as this will boost employee morale and so aid in resilience and longevity
Keywords: Human Resource Succession Planning, Resilience, Situation Awareness.
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