Employee Re-training and Effectiveness of Oil and Gas Firms in Rivers State, Nigeria
Vol. 5 Issue 2
This study examined the relationship between employee re-training and Effectiveness of Oil and Gas Firms in Rivers State, Nigeria. The study adopted a cross-sectional survey in its investigation of the variables. Primary data was generated through self- administered questionnaire. The accessible population for this study comprised of 260 employees of five (5) Oil and gas servicing firms which were listed on the first tier of the Nigeria stock exchange as obtained from daily official list. The sample size of 154 was determined using the Taro Yamane’s formula for sample size determination. The reliability of the instrument was achieved using the Cronbach Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank Order Correlation Coefficient with the aid of Statistical Package for Social Sciences version 23.0. The tests were carried out at a 95% confidence interval and a 0.05 level of significance. The findings revealed that there is a significant relationship between employee re-training and Effectiveness of Oil and Gas Firms in Rivers State, Nigeria. The study recommends that since the oil and gas industry is more skill-based and involving change management strategies it is needful for companies in the industry to constantly engage in re-training of its workforce to enable them adequately fit into the change introduced by management and to also reduce the level of resistance from employees.
