Human Resource Policy and Employees’ Turnover Intention in Nigerian Banking Industry: Evidence from Eco bank Nigeria

This study examined the relationship between human resource policy and employees’ turnover intention in the banking industry with particular focus on Ecobank Nigeria Plc, Abia Sate branches. It was guided by three objectives, three research questions and two hypotheses. The study adopted a survey research design which involved the use of questionnaire in generating data. The population of this study was 278 employees of Ecobank Nigeria Plc Abia State branches. A sample size of 206 was derived using the simple random sampling technique. The data generated were analyzed using descriptive and inferential statistical tools. The hypotheses were tested at 0.05 level of significance. The result showed a negative significant relationship between adequate and encouraging pay, promotions as at when due, satisfaction with job and the employees’ intentions to leave their organization. The findings of the study suggest that fairness of the HR policy on compensation, promotion, training and development, hours of work and work-life balance were positively related to employees’ turnover. It was recommended that there is need for quick intervention on the side of the management in adopting HR policies that will be favourable to their employees.