Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
The Effect Of Employee Retention Strategies On The Performance Of An Organization. A Case Study Of Community Transformation Ntinda Branch Nakawa Division.
Sifuna Brian, Babirye Shamirah
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 3, No. 7 |
| Published | 31 July 2024 |
| ISSN | 3006-4384 |
Abstract
This research investigated the impact of compensation packages, professional development initiatives, and work-life balance practices on organizational performance within the context of Community Transformation Ntinda Branch in Nakawa Division. The major objective is to examine the effect of employee retention strategies on the performance of the organization. Specific objectives include investigating the impact of compensation packages on organizational performance, assessing the influence of professional development initiatives, and analyzing the relationship between worklife balance practices and organizational performance. The study employed a cross-sectional study design, utilizing both quantitative and qualitative approaches for data collection and analysis. The target population includes senior management, middle and lower cadre managers/administrators, and support staff at Community Transformation Ntinda Branch Nakawa Division. Simple sampling and purposive sampling are used to select 60 respondents from a total of 200 employees. Data collection methods include self-administered structured questionnaires and interviews, ensuring a comprehensive understanding of the subject. Validity and reliability tests are conducted on the instruments to ensure accuracy and consistency. Basing on the following findings, employee wellness programs (17%), childcare and eldercare support (13%), and reduced turnover and training costs (13%) receive substantial acknowledgment for their positive impact on organizational performance, the study concluded by highlighting the interconnectedness of compensation, professional development, and work-life balance in influencing employee well-being, engagement, and overall organizational effectiveness. Recommendations encompass reviewing and adjusting compensation packages, enhancing professional development programs, promoting a comprehensive work-life balance culture, conducting regular employee feedback surveys, fostering continuous communication, monitoring and evaluating impact, implementing employee assistance programs, providing flexibility in policies, recognizing and rewarding contributions, and investing in leadership training. These recommendations aim to create a workplace environment that attracts and retains top talent, fosters growth, ensures well-being, and contributes to sustained organizational success. The adoption of a cross-sectional study design ensures a timely and in-depth understanding of the subject, emphasizing the significance of employee retention strategies in organizational performance.
Keywords
Employee
Retention Strategies
Performance and Organization
Cite This Article
Sifuna Brian & Babirye Shamirah (2024). The Effect Of Employee Retention Strategies On The Performance Of An Organization. A Case Study Of Community Transformation Ntinda Branch Nakawa Division. Metropolitan Journal of Academic Multidisciplinary Research, 3(7). https://journals.miu.ac.ug/pages/article.php?article_id=1397
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