EMPLOYEE WELLBEING AND ORGANIZATIONAL PERFORMANCE OF OIL AND GAS COMPANIES IN RIVERS STATE

Abstract

The study investigated the relationship between employee wellbeing and organizational performance of oil and gas companies in Rivers State. A number of four research objectives, four research questions and four hypotheses were formulated to guide the study. The study used correlational research designed. The population study comprised of 33,301 with sample size of 395 derived from Taro Yamane formula. The research used simple random sampling procedures. The researcher formulated an instrument such as: Employee Wellbeing Questionnaire (EWQ) and the Organizational Performance of Oil and Gas Companies Questionnaire (OPOGCQ). Three experts were used to validate the instrument, two members of the Department of Employment Relations and Human Resources Management and one member of the Department of Measurement and Evaluation in Ignatius Ajuru University of Education, Rumuolumeni, Rivers State to carry out face and contents validity. In order to establish the reliability of the instrument, the test-retest method was applied to give reliability coefficient indices of 0.87 and 0.86 respectively. Data was analyzed using Pearson Product Moment Correlation Coefficient (PPMC) at 0.05 level of significant. Findings revealed a significant and positive strong relationship between Job Satisfaction and Innovativeness, Working-Life Balance and organizational performance of the oil and gas companies in Rivers State. The study concluded that employee wellbeing significantly influences organizational performance in oil and gas companies in Rivers State. The study recommended that oil and gas companies should establish structured wellbeing initiatives such as health, recreation, and counseling services to improve employees’ physical, mental, and emotional wellness.