Organizational Culture and Employee Retention of Selected Commercial Banks in Anambra State
Journal Title: Saudi Journal of Business and Management Studies - Year 2017, Vol 2, Issue 3
Abstract
Abstract: Every organization develops and maintains a unique culture, which influence the way employees think, feel and behave in the workplace. The competitive environment of business has changed not only in the business world but also in the mindset of the individuals that work in those organizations. Employees are ready to switch over whenever they are dissatisfied with any reason in the job. This paper therefore examined the nature of relationship that exists between organizational culture and employee retention with particular reference to three selected commercial banks in Awka, Anambra State. Descriptive survey research design was adopted and the research hypotheses were tested using the Pearson Moment Correlation Coefficient. . The study worked with a population of 35 employees. The finding revealed that there is a significant positive relationship between innovative culture and the employee commitment in commercial banks. In conclusion, Idea generation, capability and risk taking are essential to high retention organization. It was recommended that banks needs to adapt their innovative strategies in order to meet the pressure set by competitors. Keywords: Organizational culture, Employee retention, Innovative culture
Authors and Affiliations
Chidinma Vivian Madueke, Ikechukwu Chimezie Emerole
Keywords
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