Impact of HR Practices on Employee Retention in Oil and Gas Industries of Oman

Abstract

Effective human resource management fosters workplace loyalty and boosts an organization's productivity to new heights. Gulf nations, especially Oman, have similar problems as other countries. A WTO treaty has been signed and developed, requiring Omani businesses to demonstrate their presence in global markets and compete internationally. Omani companies are left with few options. Either they adapt, or they die in today's fiercely competitive marketplace. Omani oil firms are being compelled to abandon their traditional work culture in favor of modern work environments. The primary aim of this study is to investigate the current practices of human resource management employed by oil and gas companies of Oman and assess how to retain human resources in Oman's oil and gas companies. It has been found that the majority of respondents in Oman's oil and gas sector endorse the company's human resource policies and the company's staff retention strategy. At the same time, according to Pearson Correlations Coefficient and Multiple Regression Analysis, an apparent positive connection can be seen within human resource strategies and employee retention in Oman's oil and gas sector.