COLLECTIVE BARGAINING AND ORGANIZATIONAL SUCCESS OF OIL AND GAS COMPANIES IN PORT HARCOURT, RIVERS STATE
Peter Obukor, Ededem Asuakak Edem,Nsikan Michael Nkutt and Emmanuel S.A. Daomon, PhD
Volume 5 Issue 1
Abstract
The study examined collective bargaining and organizational success of Oil and Gas Companies in Port Harcourt, Rivers State. The objective was to investigate the influence of wages and work condition on organization success of Oil and Gas Companies in Port Harcourt, Rivers State. Survey research design was adopted for the study and the population was 1688 employees of the selected Oil and Gas Companies in Port-Harcourt, Rivers State, with the sample size of 323 which was determined using Taro Yamane formula for sample size determination, out of which 305 copies of questionnaire were correctly filled and returned. Data were collected using primary sources of data collection such as questionnaire and analyzed using mean, standard deviation and regression analysis. Findings indicated that there was significant influence of wages on leadership effective. Also, the finding revealed that work condition had significant influence on financial stability of Oil and Gas Companies in Port Harcourt Rivers State ,F962.872,R2 -761, P-.000 (P<0.05). It was concluded that wages and work condition had significant influence on leadership effectiveness and financial stability on Oil and Gas Companies in Port Harcourt, Rivers State. Therefore, it was recommends that management of Oil and Gas Companies should establish regularly benchmark compensation against industry standards to ensure that wages remain competitive. This involves comparing compensation packages with those offered by peer companies and adjusting as necessary to remain attractive. Management should ensure base salaries are competitive within the industry to provide financial security and reduce financial stress among leaders. Organizations should provide leaders with the necessary resources, tools, and support to perform their roles effectively. This includes access to modern technology, efficient communication systems, and administrative support. Organizations should ensure that working conditions prioritize safety and health. Implement rigorous safety protocols and provide adequate health support. Key Word: collective bargaining, wages and work condition organizational success, Oil and Gas Companies Port Harcourt, Rivers State
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