COMPETENCY MANAGEMENT AND ORGANIZATIONAL RESILIENCE IN RETAIL OIL AND GAS FIRMS IN BAYELSA STATE

Abstract

This study examined the relationship between worker competency management and organizational resilience of oil and gas servicing companies in Bayelsa state. The study adopts competence planning as a key dimension to competency management, and situation awareness, vulnerability management and adaptive capacity used as the measures for resilience in the organization. The study is cross-sectional in design based on the inclusion of multiple oil and gas servicing firms as the macro unit of analysis. One hundred and twenty-four employees were considered as the total population which is duly made up of managers and supervisors from different studied firm’s and Taro Yamane sampling approach, produces a sample size of ninety-five participants. Questionnaire validated by previous researcher was modified and used the primary instrument for data collection. The data was comprehensively analysed using Pearson Moment Correlational Coefficient as the inferential statistics. The result shows that competence planning has a significant correlation with situation awareness, vulnerability management and adaptive capacity. This form the basis for concluding that there is a significant relationship between worker competency management and organizational resilience of oil and gas servicing companies in Bayelsa state. It was relative recommended that management should place employee skill and competence acquisition as the core human resources function to promote resilience in this turbulent business environment.