Performance Management and Employee Retention in Commercial Banks in Akwa Ibom State, Nigeria

• Published in: Global Journal of Human Resource Management Vol. 10; no. 6; pp. 23 - 31
• Main Authors: Umana, Victoria S., Umana, Esitime S., Umoh, Victor A.
• Format: Journal Article
• Language: English
• Published: 30.06.2022
• ISSN: 2053-5686; 2053-5694
• DOI: 10.37745/gjhrm.2013/vol10n62331

In this study, the influence of performance management on employee retention in commercial banks in Akwa Ibom State was studied. The survey research design was considered and adopted in the study. The study had a population of 497. The sample size was 384 as determined through 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. It was established that performance management (Beta =0.046, t=4.182, p<0.05) has a significant influence on employee retention in commercial banks in Akwa Ibom State. It was concluded that performance management could account for employee retention in commercial banks in Akwa Ibom State. It was recommended that commercial banks in the state should strengthen their performance management practice as this had the capacity to influence employee retention.