Effect of Training and Development on Employees’ Retention in Selected Commercial Banks in Adamawa State-Nigeria

Abstract

This study assessed the effect of training and development on staff retention in selected commercial banks in Adamawa state. The bed rock of this study was that inadequate skilled staff and inability to retain staff are bedevilling the Nigeria’s banking institutions. Data were collected from 197 bank staff from Yola north, Yola south, Mubi north and Numan local government areas of Adamawa State, Nigeria using both close and open ended questionnaires. Regression analysis was used in the study.  A 1% increase in internal training, (ITT), increased staff retention by 0.239, a 1% increase in fairness of training policy (FTP) led to 2.902 increase in staff retention.  Finding of the study therefore revealed that training and development had positive effect on staff retention in commercial banks at 5% level of significant.  Staff retention in commercial banks is encouraged when training and development are applied as motivational strategies. The study therefore recommended that the banks need to train their staff both on the job and in academic institutions for them to keep them on their jobs.

Keywords: Training and Development, Employees’ retention, Commercial banks, Motivational strategies