ASSESSMENT OF PERCEIVED REASONS FOR EMPLOYEE TURNOVER INTENTION AT NIB INTERNATIONAL BANK

Abstract

The study examines perceived reasons for employee turnover in the case of Nib International Bank. The sample consisted of 150 employees at the head quarter and selected seven branches in Addis Ababa. The study implemented Sequential Mixed research philosophy where casual research design is used .The data were collected using convenient sampling via self-administered questionnaire, and from a total of 150 survey questionnaires, 120 responses were collected and retained for analysis using SPSS version 23. The results show that job satisfaction and company commitment factors are negatively and significantly related to turnover intention. Furthermore, the study revealed that company commitment accounted for larger variance in turnover intentions than job satisfaction, and job satisfaction had more effect on turnover intentions than other variables. A finding of the study reveals that all of the study variables (except stress) were significantly negatively related to turnover intentions. Furthermore, the variables commitment, perceived alternative employment opportunity and job satisfaction were found to be the most strongly correlated variables with turnover intentions. Accordingly the study recommended that NIB to work on , job satisfaction Career Development, Interpersonal relationships, Compensation and Benefits and organizational commitment since they had contributed significantly on turnover intentions implying that these variables are relevant in understanding turnover intentions of staffs of NIB.