A COMPREHENSIVE REVIEW OF INNOVATIVE HR PRACTICES AND THEIR IMPLICATIONS ON ORGANIZATIONAL PERFORMANCE IN BOTH THE OIL AND GAS AND RENEWABLE ENERGY SECTORS IN NIGERIA

Abstract

This study offers a comprehensive review of innovative Human Resource (HR) practices within Nigeria’s energy sectors, encompassing both the oil and gas and renewable energy industries. The primary objective was to discern the relationship between these novel HR strategies and organizational performance. Through an extensive literature review and empirical analysis, several key HR practices emerged as prevalent in these sectors, including talent acquisition, continuous training, and performance-based incentives. Notably, organizations that adopted these innovative practices exhibited enhanced operational efficiency, employee retention, and overall profitability. The renewable energy sector, in particular, showed a growing trend of adopting such practices, signaling a shift towards sustainable human capital management. The study concludes that the integration of innovative HR practices is pivotal for the sustained growth and competitiveness of Nigeria’s energy sectors. Embracing these strategies not only bolsters organizational performance but also ensures adaptability in an ever-evolving global energy landscape.