dc.description.abstract | The retention of employees has been shown to be significant to the development and the
accomplishment of the organization‟s goals and objectives especially in
building
competitive advantage over other organization in the phase of increased globalization.
Today, changes in technology, global economics, trade agreements, and the like are
directly affecting employee/employer relationships thus leading to high emplo
yee
turnovers thereby affecting
employee retention in an organization. Retention
has become
one of the
biggest issues for the Energy Sector
in Kenya because
human r
esource
helps
to
generates profits a
nd considered as the capital or
asset of the organization.
Professional
employees have kept on mov
ing from one company to another in this Sector in
search of
better
employment terms. As such, human capital ha
s turned out to be an important
competitive
tool in the
e
nergy
sector which call
s for proper management practices for
these
resources to ensure sustained
competitive advantage in
e
nergy
o
perations
making
this study to be important for
effective
management of parastatals in Kenya
.
The
objective of the study was to establish the perceived relationship between employee
retention practices and organizational performance at National Oil Corporation of Kenya.
The study adopted descriptive survey design as
it
ensures complete description
of the
situation thus ensuring there is minimum bias during the collection of data and reduce
errors when interpreting the collected data. The study used consensus technique
and
based
its
findings on the vie
ws of the whole population. NOC
has a population
of
210
staff
as at August 2014. The study used primary data collected thr
ough a structured
questionnaire.
The data collected was analyzed using descriptive Statistics
comprising of
frequencies, distribution percentages, mean and standard deviation. A s
um
mary of the
findings testing the employee retention practices which are envisaged to enhance
employee commitment
that
ultimately
help increase
organizational performance
.
According to the findings
generally 80% of employee retentions p
ractices
are moderat
ely
applied
.
The study established that employees are not highly motivated to give their best
commitment for better organizational performance.
This answers the question of high
turnover and low market share experienced
at National Oil. The study
therefo
re
recommends radical
improvement in the implementatio
n of Employee Retention
P
ractices to motivate employees to be committed in the
organisation in order to reduce
the turnover and improve performance and ultimately achieve its set goals.
The study
recommends a similar research to the other parastatals in Kenya to establish if employee
retention practices are causing high employee turnover | en_US |