JOURNAL OF LIAONING TECHNICAL UNIVERSITY
(NATURAL SCIENCE EDITION)
LIAONING GONGCHENG JISHU DAXUE XUEBAO (ZIRAN KEXUE BAN)
辽宁工程技术大学学报（自然科学版）
HUMAN RESOURCE MANAGEMENT PRACTICES ON EMPLOYEE RETENTION PRACTICE IN SELECTED PRIVATE UNIVERSITIES AS A DESTINATION IN SOUTHWEST, NIGERIA
Aremu, Fayokemi Eunice (Ph.D) & Agboola, Olugbenga Mayowa
Abstract
This study investigated the effect of Human Resource Management (HRM) practices on performance in private universities in Southwest, Nigeria. The study examined the effect of human resource management practices on employee retention. The investigation was compelled by the inadequate attention being meted out to adoption of HRM practices in private universities in the study area. Descriptive research design was adopted for the study. The study population frame is 3,261 (three thousand two hundred and sixty-one) involving all academic staff members from the selected private universities in Southwest, Nigeria. The Taro Yamane formula was used to statistically determine the sample size, which was 356 (three hundred and fifty-six). The study used primary data and collected responses from respondents in the selected private universities in Southwest, Nigeria through a structured questionnaire. Descriptive statistics employed for data analysis were frequency counts, simple percentages, bar charts, mean scores, and standard deviations, while the inferential statistics utilized was the multiple regression with the aid of SPSS (Statistical Package for Social Sciences) version 23. The results of the study revealed that, Human Resource Management (HRM) practices had a significant impact on employee retention in the selected private universities in Southwest, Nigeria (β=.852; t = 12.684, p< .05). The study concluded that the adoption of HRM practices such as recreational programmes, relocation benefits, educational fees assistance has improved organizational performance in private universities in Southwest Nigeria. The study therefore recommended that to allow for increased organizational performance, the variables of HRM practices namely employee retention needs to be employed by universities and it should be modelled in such a way that the employers can employ it for their university operations.
Keywords: HRM Practices, Employee retention, Private Universities, Southwest, Nigeria.