Mekonnen, Worku (PhD)Adane, Mekdelawit2018-10-172023-11-042018-10-172023-11-042017-06-20http://etd.aau.edu.et/handle/123456789/12790Researches have been undertaken by which they focused on achieving organizational goals through employees and little emphasis has been given to employee‟s needs of reward and benefit that will make them stay in an organization. The purpose of this research was to determine the impacts of reward and benefit in employee retention in the Commercial Bank of Ethiopia. As a competitive advantage in every organization, employees need to be satisfied with the packages of reward and benefit for them to stay in the organization. Questionnaires were distributed for a sample population of 180 employees of the bank in order to find out results that describe the entire employees at the Commercial Bank of Ethiopia about their stand on selected rewards and benefits the bank offers i.e. payment ( salary, bonus and increments), personal security( medical facilities, insurances, compensation on layoffs), learning and development( trainings, carrier developments ), working environment( communications, suggestions and grievances, culture and emotional climate), financial assistance( mortgage loans, car loans and personal loans) to reach at their current status of staying in the organization. The findings show that employee needs on payments and financial assistance which took dominance as a factor of affecting employee retention in banking industry are not satisfied while more elements in the personal security, learning and development and working environment are more or less being met. It is recommended that the organization should continually review the reward and benefit practices to ensure alignment with the potential impact of changes in the macro environment and make different requirements of employees as a factor that will help retain experienced and talented employeesen-USemployee retentionCommercial BankThesis