Influence of Training and Development on Employees Retention in Deposit Money Banks, Kwara State, Nigeria
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2022-12
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Lead City University
Abstract
The study examines the influence of training and development on employee retention in deposit money banks, Kwara State, Nigeria. Specifically, the study examine the effect of training on performance, also determine the impact of development on employee retention, the effect of motivation on productivity, effects of training and development on employee job satisfaction and measures that can curtail under-performance by the staff of deposit money banks in Kwara State, Nigeria, were all examined by the study. Participants of the study were selected from 595 junior and senior staff of Deposit Money Banks in Kwara State, Nigeria. Pearson Moment Correlation was used to analyse the formulated hypotheses at a 0.05 level of significance. From the research findings, the relationship between training and development and employee performance is very high, positive and significant (r = 0.975, p<0.05). Furthermore, the research found a strong and significant link between training and development and staff retention in Deposit money banks (r = 0.733, p<0.05).
Similarly, the result revealed a positive and significant relationship between motivation and productivity among employees of deposit money banks (r = 0.560, p<0.05). Also, the study revealed a positive and significant relationship between training and development and employee job satisfaction (r = 0.416, p<0.05). Finally, the study revealed a high and positive relationship between the indicated measures that curtail measures under-performance by the staff of deposit money banks (r = 0.794, p<0.05). Hence, the study recommends that deposit money banks management give maximum importance to these dimensions, significantly impacting overall development achievement.
Keywords: Development, Employee Performance, Employees Retention, Training
Word Count: 252
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Kate Turabian