HUMAN RESOURCE FLEXIBILITY AND ORGANIZATIONAL PERFORMANCE: AN EVIDENCE OF SELECTED MANUFACTURING FIRMS IN SOUTHEAST, NIGERIA
Journal of Global Economics, Management and Business Research,
With increased competition in this era of globalization and knowledge economy, the role of human resources flexibility in promoting organization performance has become important for the survival and sustainable growth of the organization in both developed and developing countries, Hence contemporary workplace demands more energy, talent and multi skills with specialized aptitudes in order to succeed and survive in the face of multiple challenges created by global business. Thus the study focuses on human resource flexibility and organizational performance: an evidence of selected manufacturing firms in southeast, Nigeria .The study sought to determine the extent to which numerical flexibility influences organizational performance, ascertain the extent of the relationship between pay flexibility and organizational performance and to determine the effect of functional flexibility on organizational performance. The population size is3168 in which a sample size of 339 was realised using Taro Yamane’s formula at 5% error tolerance and 95% level of confidence. Instrument used for data collection were primarily questionnaire. Cronbach’s Alpha was used to determine the reliability of the instrument in which the value of 0.880 was obtained indicating that the instrument was reliable. Out of 399 copies of the questionnaire that were distributed, 375 copies were returned while 24 were not returned. The survey research design was adopted for the study. The hypotheses were tested using Pearson product moment correlation coefficient and simple linear regression statistical tools. The findings indicate that numerical flexibility significantly influence organizational performance (r = 0.861; F= 1069.377; t = 32.701; p <0.05). While, hypothesis two states that there is a significant positive relationship between pay flexibility and organizational performance. (r =.891, P<.05). Similarly; hypothesis three revealed that functional flexibility has significant effect on organizational performance (r = 0.828; F = 813.054; t = 28.514; p< 0.05). The study concluded that human Resource flexibility is instrumental in fostering the capacity of firms to be responsive to changes in market demands. Thus, manufacturing firms should adopt functional flexibility to adjust to the changes in the demand of their output.