Assessement of Factor Influencing Employee Retention at Luna Export and Slaughterhouse Plc
No Thumbnail Available
Date
2021-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Addis Ababa University
Abstract
The general objective of the study was, therefore, to identify the influencing factors of retention at LUNA Export and Slaughterhouse Plc Addis Ababa. More specifically, it was meant to
assess factors that influence retention at the company, four variables were proposed to be linked to it namely, Compensation and rewards, performance evaluation, work environment, and training and development. The population of the study was employees of LUNA, which were 285 in size. To analyze the data obtained from the survey questionnaire descriptive statistics (mean) and inferential statistics (Pearson Correlation and linear regressions were used). The inferential analysis was essentially needed so as to establish the relationship between the independent variable and dependent variable (Retention). The data collected from the management through interview method were also analyzed qualitatively in the form of presentation of the narrative accounts. The key findings revealed that: a) the turnover over is as high as 4.3 out of a five-point scale; b) the management of LUNA had no sufficient awareness about the turnover intentions of the Company and the key determinants needed thereof; c) the independent variables (i.e. Compensation and rewards, performance evaluation, work environment, and Training and development) are found to have statistically significant correlation with retention. The regression analysis also revealed that the four independent variables in the group predict 86.7% of the variations in the turnover intentions with particular reference to LUNA although Compensation and Reward have the highest contribution. Therefore, the general conclusion is that Compensation and Reward play a pivotal role in determining employees’ turnover intention. Consequently, management should work towards creating a smooth and conducive working environment which may include, among others, forming interpersonal relationships among informal groups, availing facilities needed at the workplace, etc. Furthermore, since the majority of the works done in LUNA is closed to customers and food there must be long-lasting secured safety and hygiene training and programs for employees working in positions closed to food and customers
Description
Keywords
Retention, Luna, performance evaluation