Publication: An evaluation of human resource practices on employee retention in state corporations in Kenya
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2024-04-14
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Research Journal of Business and Finance
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Abstract
Organisations can achieve a competitive advantage by enhancing
and expanding human resource knowledge, skills, motivation, and
morale. The study aimed to determine the effect of performance
management techniques on staff retention at the National Transport
and Safety Authority-Kenya. The study focused on 2100 employees
working in 15 of Kenya's National Transport and Safety Authority
branches. A descriptive research design was used in the study, with
a sample size of 336 respondents selected using a stratified random
sampling technique. Findings showed that Staff retention is
positively correlated with performance management. There was a
strong positive correlation (association) (r = 0.725) between
performance management and employee retention. The ANOVA
findings determined the regression model's significance, from which
an f-significant value of P<0.001 was derived, indicating that the
model's likelihood (probability) of producing an incorrect prediction
is less than 0.001. Management of NTSA-Kenya should
appropriately handle aspects of employee relations management,
such as HR initiatives, leadership styles, and shared values. They
should also provide their employees with rewards in the form of
cash bonuses, payments based on performance and pension
schemes. Previous research on human resource practices and
employee retention has mostly focused on the private sector, leaving
a study gap on the effect of these policies on staff retention in Kenyan
state corporations such as NTSA. The study, therefore, fills the gap
in Knowledge of the performance management practice affecting
staff retention.
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Keywords
Employee, Indicators, Management System, Performance, Safety