In today’s dynamic and competitive global business environment, employees are recognized not merely as operational resources but as strategic assets critical to organizational success. Human capital significantly influences organizational performance, innovation, growth, and sustainability. Companies that effectively acquire, develop, and retain talented employees often gain a competitive advantage, while high employee turnover can result in workforce shortages, disrupted workflow, increased operational costs, and diminished customer satisfaction. Employee retention is therefore a vital aspect of modern organizational practice, promoting internal knowledge continuity, efficient succession planning, and overall organizational stability. Conversely, high turnover rates negatively affect morale, leadership effectiveness, and organizational culture, creating challenges for sustaining long-term performance. This study examines the implications of employee retention and turnover, emphasizing strategies that organizations can adopt to safeguard human capital, enhance employee satisfaction, and maintain competitive advantage in contemporary business settings
Okoro et al. (Wed,) studied this question.