GLOBALIZATION AND ITS IMPACT ON HUMAN RESOURCE MANAGEMENT PRACTICES IN PZ CUSSONS NIGERIA PLC., LAGOS

Abstract

Human resource management continues to be critical in generating a competitive advantage for any corporation in this period of fierce global business competition, as globalization has made the corporate world increasingly competitive. Thus, the study examined the impact of globalization on Human Resource Management (HRM) practices in the Nigerian manufacturing sector with special reference to on PZ Cussons Nigeria Plc., Ilupeju, Lagos. This was with the employment of a structured questionnaire as the data collection instrument, while random sampling technique was used for the study. The population of the study stood at 1,302, while Taro Yamane’s formula was adopted to determine the sample size of 306. The utilized descriptive statistics involved simple percentages and tables, while the employed inferential statistics was linear regression analysis. The results of the study confirmed a significant and positive impact of: (i) technological innovation on the human resource management practices;(ii) technological advancement on the human resource management practices of PZ Cussons Nigeria Plc. The study concluded that there was significant impact of globalization on the HRM practices in the Nigerian manufacturing sector. The study, thus recommended the offer of a competitive wage package and provision of a safe and comfortable working environment for all employees in the industry so as to fight the problem bothering on brain drain.