HUMAN CAPITAL DEVELOPMENT AND RETENTION IN GOVERNMENT OWNED BANKS IN DELTA STATE: A STUDY OF THE BANK OF INDUSTRY AND BANK OF AGRICULTURE

Abstract

This study investigated the association between human capital development and retention in government owned banks in Delta State: A study of the bank of industry and bank of agriculture. The specific objectives were to ascertain the interplay between human capital development and measures of employee retention; involvement and commitment. Data for the study was sourced from 71 respondents sampled for the study through structured questionnaires. The data were analyzed and the hypotheses were tested using Pearson Product Moment Correlation coefficient. The findings revealed a strong and positive association between the variables. The researcher thus draws the conclusion that employee retention in government-owned banks in Asaba, Delta State, and human capital development has a positive and strong relationship. Additionally, there is a strong correlation between human capital development and commitment as well as between involvement and human capital development. Based on the study's findings, the following suggestions were put forth: Financial institutions aiming to achieve staff retention should sustainably enhance their human resource development and accelerate employee involvement and commitment through well-designed tailor-made seminars, training, and orientation.