EXPLORING CONNECTIONS BETWEEN PSYCHOLOGICAL CAPITAL (PSYCAP) AND EMPLOYEE QUALITY OF WORKLIFE (QWL) OF OIL FACILITY WORKERS.

Abstract

The study explored the connections between psychological capital (PsyCap), its components and employee quality of work-life (QWL) of oil facility workers of indigenous oil companies in the Niger-Delta region of Nigeria. The study utilised 247 employees of eight (8) oil facilities. Standardized questionnaires were used to collect data on psychological capital (α = 0.88) and quality of work-life (α = 0.90). Pearson correlation and multiple regression analysis were used for analysis of data and results confirmed at a 0.05 level of significance. Three hypotheses were tested in this study. Hypothesis one showed a significant positive relationship between Psycap and QWL [r (245) = .768; p<.01]. The second hypotheses showed a significant positive relationship between PsyCap’s four components of hope (r=.66, p<.01), optimism (r=.73, p<.01), resilience (r=.54, p<.01) self-efficacy (r=.71, p<.01) and QWL. Hypothesis three showed that all four components of PsyCap jointly predicted QWL (F (4, 242) =100.17, p˂ .001, R2 = .62) with self-efficacy (β = .36, t = 5.28, p˂ .001) and resilience (β = .42, t = 7.04; p˂ .001) making significant independent contributions to quality of work life.
The findings indicate that PsyCap components wield significant influence on the QWL of oil facility workers and promotes attitudes that enhance productivity among employees and its recommended that oil firms develop reward programmes that promote these attributes and provide training for employees on the development of these qualities if increased productivity is the goal.