EFFECT OF PERFORMANCE APPRAISAL ON EMPLOYEE RETENTION IN NIGERIA: A CASE STUDY OF FIRST BANK OF NIGERIA LIMITED
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EFFECT OF
PERFORMANCE APPRAISAL ON EMPLOYEE RETENTION IN NIGERIA: A CASE STUDY OF FIRST
BANK OF NIGERIA LIMITED
Project
Abstract:
The study
investigated the effect of performance appraisal on employee retention: a case
study of First Bank Nigeria Ltd. Both primary and secondary sources of data
were used for data collection. Data were analyzed using frequency tables and
simple percentages. Spearman rank correlation coefficient was adopted to test
the formulated hypotheses. The study found that there is positive significant
relationship between training and career development performance appraisal and
employee retention; and there is also positive and significant relationship
between objective/fair performance appraisal and employee retention. The study,
therefore, concluded that performance appraisal has positive effect on employee
retention. It was recommended, among others, that banking firms should
integrate job training and career development into their organizational
practices.
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