Employee Competence Planning and Corporate Vitality of Indigenous Oil and Gas Companies in South-South, Nigeria
Vol.6 Issue 3
The study examines the relationship between competence planning and corporate vitality of indigenous oil and gas companies in South-South, Nigeria. The study adopted a cross-sectional survey research design with primary data generated through a structured5-point Likert scaled questionnaire. The population of the study consists of 33 indigenous oil and gas companies with a total number of 132 respondents. The reliability of the instrument was achieved by the use of the Cronbach Alpha coefficient with all the items scoring above 0.70. The bivariate hypotheses were tested using the Spearman Rank Order Correlation Coefficient with the aid of Statistical Package for Social Sciences version 23.0.The tests were carried out at a 0.05 level of significance. The findings revealed that there is a significant relationship between competence planning and corporate vitality of indigenous oil and gas companies in South-South, Nigeria. Therefore, the study concludes that when indigenous oil and gas companies in South-South Nigeria encourage competence planning by identifying through competence planning, the critical competencies existing with high performing employees, it would enhance their vitality in terms of growth, resilience and adaptability. It was thus recommended that the management of indigenous oil and gas companies should assess whether there are available employees with key already identified competencies who will be needed in the future by establishing expectations for performance excellence, resulting in a systematic approach to professional development, improved job satisfaction, and better employee retention.
