Human Resource Management Practices and Employee Retention

Abstract

The study investigates influence of HRM practices on employee retention in the conservation area iluthorities. The study is specific to appraise the influence of compensation practices on employee retention at NCAA, determine the influence of training and development on employee retention at NCAA and evaluate the influence of rewarding systems on employee retention at NCAA as guided byHuman capital theory. Data were collectedusing thequestionnaire and interview reviewwith a sample sizeof 188 from a pupation of 733 employees at NCAAfrom departments namely tourism conservation and community development(400) and cooperate services (333). This study used convergent mixed method design that favours the use of mixed research approach. It used stratified sampling techniques. Quantitative data were analyzed with help of Statistical Package for Social Sciences (SPSS-Version 22), using frequencies and percentages. Qualitative interview data were analysed based themes. Findings were the rewarding system emerged as a crucial factor contributing significantly to employee retention, substantiating the significance of acknowledgment and appreciation in the workplace. Also the respondents generally agreed with the positive influence of HRM practices on employee retention. The average means revealed that the respondents strongly agreed with the influence of the rewarding system (2.03012) and demonstrated a slightly lower but favorable agreement regarding the contribution of compensation (1.84459) and training and development (1.90723) to employee retention. Additionally, the average mean for retention itself was 2.0693, indicating a relatively positive stance towards employee retention within the NCAA. In conclusion, implementing effective rewarding systems that acknowledge and appreciate employees' contributions is paramount in fostering a sense of value and motivation, ultimately enhancing retention rates. While compensation and training and development also play significant roles, it is essential for NCAA to focus on optimizing their rewarding systems to ensure a committed and satisfied workforce, the study recommends enhancing rewarding systems and investing in employee growth and skills, NCAA to foster a contented and motivated workforce, ultimately resulting in heightened retention rates. Striking the right balance in compensation packages to meet industry standards is also highlighted as a vital aspecttoattractandretaintoptalentwithintheorganization.