Employee’s Retention Strategies and Organizational Performance of Fast Food Restaurant in South-South Nigeria

It was not uncommon to stay at the same job, with the same employer, for your entire working career back in the day. However, nowadays, today‟s workforce trends have shifted significantly. The researchers are curious to look for way to check make this trend.The purpose of this study therefore is to examine the relationship between employee‟s retention strategies and employee‟s performance of some selected small and medium scale business in south-south Nigeria. The population of the study is some selected fast food operating in South-South Nigeria, the population element are 181 management staff and supervisors. This study applied cross-sectional survey design since it is meant to produce a precise representation of situations. The paper used purposive sampling for the selection of the respondents. Questionnaires were distributed to the respondents for statistical analysis. The study utilized Statistical Package for the Social Sciences (SPSS) to analyze the data collected. The generated data was analyzed and presented using both descriptive and inferential statistical technique. To determine the strength and direction of the relationship between variables, the researchers used Pearson‟s Product Moment Correlation coefficient. The hypotheses were tested at a 95 percent confidence interval and 0.05 level of significance. The result showed a positive strong significant relationship between Employees retention strategies and organizational performance. The study revealed a number of findings which showed a strong positive relationship between employee‟s retention strategies and organizational performance. And the following recommendation were made.The managers of fast food in SouthSouth region must incorporate retention strategies and ensure that employees are properly trained so that they can perform their task effectively, The management of fast food in South-South Nigeria should create the opportunity for every employees to undergo training and developmental programme to enable them adapt to any direction the organization is moving without affecting their performance, management of fast food must consider a proper remuneration and recognition of employees to ensure they perform their task, the leadership must reward employee by giving some benefits in the form of health insurance, low or nointerest loans, opportunities to repossess the company‟s depreciated assets through balloting and auctioning, acknowledging and rewarding employee contributions by having employees or the month/year awards and recognizing extended stays by organizing long-service awards.