FACTOR INFLUANCING EMPLOYEES’ TURNOVER INTENTION AT HIBRET BANK

Abstract

The purpose of this study is to identify factors contributing towards turnover intention in existing employees of Hibret bank, Ethiopia. The turnover intention can be measured in the aspect of, job stress, working environment, compensation/salary, Employee relationship with management and career growth. Primary data were collected through the use of questionnaire on employees at Hibret bank. Around 160 questionnaires were distributed and almost all questionnaires were successfully collected from the respondents. Descriptive analysis technique is used to identify the background of respondents in the aspect of age, gender, marital status, years of experience, and qualification. The study revealed that the employees is highly dissatisfied with Salary or compensation and employee relationship with management and career growth compared to other variables such as job stress, Work environment . This study has played an important role to identify variables or factors contributing towards employees’ turnover intention in Hibret bank and also identified few steps to reduce the problem of turnover intention. Data analyzed by using descriptive statistics which includes calculating the number and percentages, frequency distribution tables. Chi-square test is used for this and results is expressed using the p-value (p<0.05 as significant). From the proposed five factors influencing employee intention to turnover, salary & benefit and employee relationship with management and carrier growth become significant factors in this study. Therefore the researcher has recommended that the bank has to revise its compensation policy like salary scale, creates a smooth relationship with management and giving a reasonable promotion in order to reduce turnover intention and retain its employee.