Chidinma and Ikechukwu (2107), concluded in the study conducted on selected commercial banks in Anambra State on Organizational Culture and Employee Retention is that there is a positive relationship between organizational culture (Innovative Culture) and the Employee Retention (Commitment). They explain further more, when there is an innovative culture in the organization, the employees are very much satisfied and their commitment is so high towards achieving the organizational goals. Therefore the employees stay with the organization for a longer period of time. Innovative culture includes idea generation, capability and risk taking as a sum. Employee Retention includes the commitment on organizational activities in order to achieve the organizational goal as a whole. The factors mentioned above, the idea generation, capability and the risk taking are the important factors that influence or determine the employee retention. When both the innovative culture and the commitment matches, the employees seek to be together with the organization in order to grow themselves personally and grow the organization to be in a better position in the future.
Reference
Chandinma, V, M and Ikechukwu, C, M, . (2017) Organizational Culture and Employee Retention of selected commercial bank in Anambra State. Saudi Journal of Business and Management Studies, 1(1), p. 250.
Balance between work and personal life is very important. The organizational cultures that have flexible working hours, Working from home allow employees to maintain the balance. Employee feels that organization is taking care of them.which mean healthy cultures will help organizations to keep their best employees.
ReplyDeleteHeibutzki, R. (n.d.). The Relationship of Organizational Culture to Employee Retention. [online] Smallbusiness.chron.com. Available at: https://smallbusiness.chron.com/relationship-organizational-culture-employee-retention-25406.html [Accessed 2 May 2019].