Training and Development and Employee Retention in Commercial Banks in Akwa Ibom State, Nigeria

Abstract

This study focused on training and development and employee retention in commercial banks in Akwa Ibom State, Nigeria. Primarily, the study was conducted to investigate the influence of training and development on employee retention in select banks. The survey research design was adopted and this involved administration of copies of questionnaire on employees of case banks who served as respondents. The study’s population was 497 while the sample size was 384 determined using Cochran’s sample size determination formula. The sampling method employed in the study was random sampling. The questionnaire was used in data collection. Data obtained in the study were analyzed using simple regression method. Result of the analysis indicated that training and development (Beta =0.093, t=2.5833, p<0.05) has a significant influence on employee retention in commercial banks in Akwa Ibom State. It was concluded that training and development can make significant contributions to employee retention in commercial banks in Akwa Ibom State. It was recommended that commercial banks in the state should prioritize employee training and development in order to motivate their employees’ retention.