Employee Resourcing Strategies and Performance of Listed Food Manufacturing Firms in Lagos, Nigeria.

Abstract

This study examined employee resourcing strategies (ERS) and performance of listed food manufacturing firms in Lagos, Nigeria. Specifically, the study assessed the effect of workforce planning strategies and evaluated the effect of recruitment strategies on performance of listed food manufacturing firms in Lagos, Nigeria. The study adopted descriptive survey design. Purposive sampling method was employed to select six (6) Listed food manufacturing firms in Lagos Nigeria, based on market capitalization and operational longevity, yielding a total population of 15,418. A combined sample of 375 employees and 384 customers was drawn. Data was collected with the aid of structured questionnaires. Simple linear regression was used to assess the effect of workforce planning strategies and recruitment strategies on performance of the listed food manufacturing firms in Lagos, Nigeria. The analysis also confirmed that workplace flexibility strategies robustly enhance firm performance (R2 = 0.991, p = 0.000), and that employee retention strategies have a strong, positive, and statistically significant effect on performance, explaining 59.1% of the variation (R2 = 0.590, p = 0.000). The study concluded that workplace flexibility further highlights its importance, showing that adaptive work arrangements are a vital component of a firm’s success. Finally, the strong positive effect of employee retention strategies emphasizes the need for firms to invest in keeping their skilled workforce, as this directly contributes to improved performance outcomes. It is recommended that firms should continuously invest in, and refine their employee resourcing strategies by leveraging technology, adopting merit-based hiring, and aligning workforce needs with operational objectives to enhance competitive advantage, customer loyalty, and organizational efficiency.