The Influence of Training and Development on Employee Retention: Empirical Evidence from Banking Industry in Tanzania

This paper aims at exploring the influence of Training and Development (T&D) on employee retention in the banking industry of Tanzania. A stratified sampling technique was used to ensure representativeness of the sample, eleven banks were selected purposely and a simple random sampling was applied to draw a sample of 370 employees. Binary logistic regression analysis was used to analyze quantitative data. The results revealed a "p" value of 0.001 that indicate that T&D was significantly influencing employee retention. The study concluded that T&D attributes (career planning and growth opportunities) have significant influence on employee retention at the banks. The study recommends retention policies which are reflecting career planning and growth opportunities as T&D attributes that were valued most by employees.