Analysis of Employees' Engagement and Retention of Selected Banking Industry in Lagos State, Nigeria.

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Date
2019-01
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Publisher
Uniosun Journal of Employment Relations and Management.
Abstract
Retention of employees had become a major issue confronting the Nigerian banking industry; due to this course effective employee engagement was discovered to aid the retention of their valued employees. The banking sector in Nigeria faced the problems of wrong employee engagement and posed employee retention challenges. This paper examined the analysis of employees' engagement and retention of selected banking industry in Lagos State, Nigeria. The descriptive survey research design was adopted and the target population comprised 4,084 staff of the head offices of the selected banks in Lagos State. Sample size of 678 was used. A structured questionnaire was adapted, validated and used to collect data for the study. Simple random sampling technique was used to select the sample size and the response rate was 92.5%. Data were analyzed using descriptive and inferential statistical technique. Findings revealed that Employee engagement had positive and significant effect on employee retention of selected banks in Lagos State (รข = 2 0.287; F = 109.815; R = 0.134; p<0.05). It was concluded that Employee (1,712) engagement had positive and significant effect on employee retention in selected deposit money banks in Lagos State, Nigeria. Therefore, it was recommended that there should be proper employee engagement in an organization.
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Keywords
Employee engagement, Human resource management practices., Employee retention, Deposit money banks,
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