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Employee Retention Strategies Beyond Remuneration: Nigeria as a Case Study

In: Business Success in Africa

Author

Listed:
  • Ujunwa Somtochukwu

    (Giesecke + Devrient Currency Technology Africa Ltd.)

  • Mohamad Farhat

    (Giesecke + Devrient Currency Technology Africa Ltd.)

Abstract

Talented employees are a critical factor for every organization. Managing the talent pool is the most intricate area of any organization. It covers identification, attraction, and development of employees. The most challenging, however, is retaining these talents. To ensure these talents stay, organizations are deploying retention strategies that try to mitigate the factors that typically drive employees to leave the organization. This chapter focuses on the analysis of business needs that drive retention strategies taking account of disparities in the attributes and needs across different generations in workforce. It also discusses the factors that should be considered when designing an effective retention strategy.

Suggested Citation

  • Ujunwa Somtochukwu & Mohamad Farhat, 2024. "Employee Retention Strategies Beyond Remuneration: Nigeria as a Case Study," Management for Professionals, in: Philipp von Carlowitz & Simon Züfle (ed.), Business Success in Africa, pages 325-335, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-70384-3_29
    DOI: 10.1007/978-3-031-70384-3_29
    as

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