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Training & Development and Employee Retention Rates in Listed Insurance Companies in Nigeria

Adeyemo, Oladunni Tolulope and Iliyasu, Muhammed Musa and Tende, Bala Tende and Dike, Chekwube George and Omonibo, Dungha Blessing (2024) Training & Development and Employee Retention Rates in Listed Insurance Companies in Nigeria. Global Journal of Human Resource Management, 12 (4). pp. 83-107. ISSN 2053-5686(Print), 2053-5694(Online)

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Abstract

This study investigates the impact of Training and Development on Employee Retention in Listed Insurance Companies in Nigeria, guided by the Human Capital Theory. A cross-sectional survey design was employed, targeting management staff from 23 insurance firms. Data was collected using structured questionnaires, and validity and reliability were ensured through rigorous testing. Multivariate Analysis of Variance (MANOVA) was conducted to test hypotheses, revealing that while training frequency and quality significantly influence job satisfaction, they do not significantly affect turnover intention. Development opportunities moderately impact job satisfaction but have no significant effect on turnover intention. The findings underscore the importance of continuous and high-quality training programs in enhancing job satisfaction, supporting the Human Capital Theory. Future research should explore additional factors influencing retention and satisfaction within the insurance sector, including organizational culture, employee engagement, and career aspirations.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: Professor Mark T. Owen
Date Deposited: 23 Jul 2024 20:31
Last Modified: 23 Jul 2024 20:31
URI: https://tudr.org/id/eprint/3194

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