RECRUITMENT SYSTEM AND TALENT RETENTION OF OIL FIRMS IN PORT HARCOURT

Abstract

The study determined the relationship between recruitment system and talent retention of Oil Firms in Port Harcourt. The objectives of the study were to determine how recruitment system, relate with talent retention. The study adopted the explanatory cross-sectional survey research design. The population of the study consisted of Twenty-Three (23) registered and licensed Oil Firms operating in Port Harcourt metropolis only. The sample size of the study consisted of the entire population since the population is small. Thus, the study adopted the census method of sampling. The study adopted the primary source of data. After validation by the supervisor and two other experts in Management and Test/Measurement, Cronbach Alpha Coefficient was used to test the reliability of the instrument. A total of One Hundred and Eighteen (118) copies of the validated questionnaires were distributed to the targeted audience. The researcher was able to retrieve One Hundred and Three (103) copies and was used for the analysis. Mean and standard deviation were used for the univariate analysis; Spearman Rank Order Correlation Coefficient was used for the bivariate analysis, while the multivariate analysis was done using Partial Correlation with the aid of SPSS version 23.00. The findings revealed that a significant positive relationship exists between recruitment system and talent retention of Oil Firms in Port Harcourt. The study concluded that investing in a robust employee information system is a strategic move for oil firms aiming to enhance their workforce’s ability to withstand and recover from unforeseen challenges. Therefore, it was recommended amongst others that management of Oil Firms should ensure that their onboarding process include comprehensive training on safety protocols, company culture and job specific skills to help new employee integrate smoothly and perform effectively; Management of Oil Firms should create a customizable dashboard for different stakeholders that display relevant human resource metrics and insight in a format that meet their specific needs.