The Effect Of Reward Management Practice On Employee Retention: The Case Of Ethiopian Airlines
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Date
2017-06-05
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Addis Ababa University
Abstract
The purpose of this study is to determine the effects of reward management (HRM) practices on employee retention in Ethiopian Airlines based in Addis Ababa Ethiopia. Possible relationships between Reward Management practices, and employee retention are discussed. A total of 291 employees were examined through questionnaire and then empirically tested using SPSS V 20. Both descriptive and inferential analysis was done to analyze the responses. The results show that Reward Management practices have a direct effect on employee retention. The questionnaire results show that there is a significant correlation between reward system and retention with the eight independent variables. Namely, Pay, Benefits, Recognition, Responsibility, Promotion, Working Environment, Training and Development, Meaningful Work, shows positive correlation with the dependent variable retention. From out of the independent variables the one that has the strongest effect on employee retention is Pay. Therefore, this study has provided new insight into Reward Management practices and employee retention, getting to the heart of the role that independent variables, particularly pay, play in the network of relationships. Considering the major findings from the research, it is recommended that management put in place structures that will bring about an improvement in the salaries of workers
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Pay, Recognition, Promotion