Employee Retention Strategies and Organizational Performance
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Ife PsychologiA
Abstract
Description
The study empirically examines the relationship between
employee retention strategies and organizational
performance. Using a sample size of 120 respondents
in a leading beverage establishment in Nigeria, the
results shows that organizations with adequate employee
retention strategies in form of enhanced and
regular monthly Salary package, workers participation
in decision-making on issues affecting them, policies
that favours job security and provision of incentives
that bothers on staff family welfare retains and enhances
employee performance. Implication of the results
for practice is that any organization that fails to
put in place adequate employee retention strategies is
not likely to retain competent and motivated workforce
in its employment and hence experience frequent labour
turnover and poor organizational performance.
Keywords
JA Political science (General)