Abstract
The aim of this study is to review how human resource management (HRM) practice influences laborproductivity in oil companies in Libya. This study brought the fact that due to the distinct features of oilcompanies, common discourses of MRM very often ruled out. In addition, this study focused that HRM isapplied at the micro level, which influences the labor productivity in oil companies. Nevertheless, the crucialdeterminants for fostering labor productivity are not individual level of HRM practice, instead themacroeconomic aspects such as political instability and quality of governance and diplomatic relation. Therefore,this study prescribes a holistic approach, which is that along with micro level of HRM practice and political andmacroeconomic stability are crucially important to foster labor productivity.
Highlights
1.1 Introduce the ProblemThe manner in which a firm manages its human resources is gradually more recognized as primarily important to carry out of its strategy (Koch & Macgrath, 1996)
The aim of this study is to review how human resource management (HRM) practice influences labor productivity in oil companies in Libya
As the leading stakeholders (70 percent of the total oil market) this study focuses on these three companies and further be generalized for the rest of government owned, and private oil companies working in Libya
Summary
The manner in which a firm manages its human resources is gradually more recognized as primarily important to carry out of its strategy (Koch & Macgrath, 1996). The countries relatively with less or no oil resources like Singapore, Taiwan, and Hong Kong have experienced high economic growth. These phenomena can be explained by economic theory of labor productivity. The resource curse paradox would be explained with the theory of rent-seeking, where it says that when some private companies lobby the government for loan subsidies, grants or tariff protection. These activities do not create any benefit for society; they just redistribute resources from the taxpayers to the special-interest group. Van der Ploeg and Arezki (2008) showed a significant association between that bad trade policy and bad fiscal policy. Mehlum et al (2006) and Boschini et al (2007) revealed that natural resources adversely affect the labor productivity in the presence weak institution
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