Examining the Relationship Between Talent Management Practices, Employee Engagement, and Employee Retention at Nib Bank: Mediating Role of Organizational Culture.
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Date
2024-07-01
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AAU
Abstract
The banking sector is critical to the nation's economic progress, and Smooth operations
are critical for long-term development. To work, there must be a vast pool of gifted and
seasoned individuals. But both locally and worldwide, staff turnover is a major problem.
In order to address this, talent management strategies for employee engagement and
retention have received scholarly attention.The study aims to explore the connections
between talent management practices, employee engagement, and employee retention
within the mediator of the organizational culture at NIB Bank in Addis Ababa, Ethiopia.
This study is a quantitative study using a self-administered questionnaire and random
sampling technique. A total of 206 respondents responded to valid questionnaires, giving
an average response rate of (92.79%) for the study. The first analysis of the collected data
was conducted with SPSS version 20.0 and STATA version 17. The results of the Pearson
correlation analysis show that employee retention and talent management strategies are
positively correlated. Additionally, it was discovered that there is a positive correlation
between employee engagement and retention. The association between talent
management strategies and employee engagement with individual employee retention was
mediated by organizational culture, according to the findings of the order probit
regression analysis used to identify this mediating effect. Therefore, NIB should foster a
positive culture, promoting employee respect and a safe work environment. It also need to
develop career development paths, and competitive compensation to motivate employees.
Government policies, such as affordable childcare and paid leave, can also help reduce
employee burden and improve retention rates