| Summary, etc |
Employee retention is a major concern of the Nigerian job market today because of increased<br/>employee turnover. The recently released report released by the Nigeria Bureau of Statistics<br/>indicated that approximately 10million people moved from full employment to<br/>underemployment or unemployment. This can be said to be as a result of the series of<br/>Government Economic policies, Crude oil price crash,, mergers and acquisition of companies<br/>in the Oil and Gas industry, loss of job commitment and low employee morale. The Nigerian<br/>Oil and Gas sector is a strategic sector in the economy of the nation which drives the country’s<br/>economy; however, any challenges being faced in the Oil and Gas sector will not only affect<br/>the industry but can have an adverse effect on the economy of Nigeria if employee retention<br/>strategies are not put in place. This study was therefore designed to investigate the impact of<br/>leadership style on employee retention in the Nigerian Oil and Gas sector. More so, it was<br/>aimed at identifying the leadership style that best encourages employee retention in the Oil and<br/>Gas companies, with particular emphasis on the transformational and the transactional<br/>leadership styles. The primary data for this study was collected through questionnaires and<br/>analysed using the Statistical Package for Social sciences (SPSS). Data was collected through<br/>both open ended and close ended questions with a five point Likert scale. The study used the<br/>purposive, snowball and convenience sampling technique in order to get response from the<br/>respondents. The study revealed that leadership style has a moderate significance on employee<br/>retention and that the transactional leadership style best encourages employee retention in the<br/>Nigerian Oil and Gas sector. The study recommends that leaders and managers should properly<br/>implement the exchange process of the transactional leadership style to mitigate employee<br/>turnover in the Nigerian Oil and Gas sector |
