GASPRO International Journal of Eminent Scholars

ABSTRACT The study investigated the performance management philosophy on development-and rewarddriven in selected oil companies operating in Nigeria. The population of this study consisted of 15,002 casual, contract and permanent employees. The study adopted a survey design. Data was collected via oral interview and structured questionnaire as well as textbooks, journals, magazines and unpublished articles, research and project reports in a related field. Manuals containing policy statements of the selected companies was analyzed using appropriate statistical technique such as descriptive statistics and Pearson product moment correlation analysis, while all the hypotheses were tested at 0.025 alpha level. The questionnaire was designed by the researcher, vetted by the thesis Supervisor and validated by experts in Test, Measurement and Evaluation of the Department of Education, Faculty of Education, University of Uyo, Uyo before the reliability study was conducted with the use of forty (40) respondents who did not form part of the main study. The instrument was subjected to reliability test using Crombach Alpha Technique. The test produced the reliability co-efficient ranging from 0.73 to 0.96 and this proved that the research instrument is reliable for the study. From the results of the data analysis, it was observed that the degree to which performance management philosophy in the selected oil companies operating in Nigeria is both developmental and reward driven and is remarkably high. It was concluded that the application of performance management philosophy in the selected oil companies operating in Nigeria is one of the determinants of the development and reward of the employees in the sector. The recommendation was that employees should be made to appreciate the philosophy of performance management by making sure that it is both development and reward-driven in nature. KEYWORDS: Application, Performance Management Philosophy, Selected Oil Companies Operating in Nigeria, Developmental-And Reward-Driven.