GLOBALIZATION AND WORKFORCE DYNAMICS OF OIL FIRMS IN SOUTH-SOUTH NIGERIA

Abstract

This study investigates the impact of globalization on workforce dynamics within Nigeria’s oil and gas sector. The study examines the relationship between technological, economic, and environmental globalization and workforce diversity, job satisfaction, and labor productivity. The study adopted a correlational research design. The target population of interest for this research consisted of 131 indigenous oil and gas firms in South-South Nigerian States. The whole population becomes the sample size. The instrument for data collection in the study is a questionnaire. Cronbach’s Alpha was adopted to determine the reliability of the instrument and a reliability coefficient of 0.82 was obtained. The hypotheses were tested using the Spearman Rank Correlation at 0.05 significant level while the partial correlation is used to test for the moderating effect of the moderating variable. The results show that technological globalization has a significant positive relationship with workforce diversity, economic globalization is positively correlated with job satisfaction, and environmental globalization significantly impacts labor productivity. The study concludes that globalization significantly influences workforce dynamics.