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| Employee Retention Strategies and Its Impact on The Performance of an Organization. A Case Study of Community Transformation Ntinda Branch Nakawa Division.
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Sifuna Brian, Babirye Shamirah, Kaziro Nicholas
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Abstract:
This research investigated the impact of compensation packages, professional development initiatives, and work-life balance practices on organizational performance within the context of Community Transformation Ntinda Branch in Nakawa Division. The major objective is to examine the effect of employee retention strategies on the performance of the organization. Specific objectives include investigating the impact of compensation packages on organizational performance, assessing the influence of professional development initiatives, and analyzing the relationship between work-life balance practices and organizational performance. The study employed a cross-sectional study design, utilizing both quantitative and qualitative approaches for data collection and analysis. The target population includes senior management, middle and lower cadre managers/administrators, and support staff at Community Transformation Ntinda Branch Nakawa Division. Simple sampling and purposive sampling are used to select 60 respondents from a total of 200 employees. Data collection methods include self-administered structured questionnaires and interviews, ensuring a comprehensive understanding of the subject. Validity and reliability tests are conducted on the instruments to ensure accuracy and consistency. From the findings, a significant portion of respondents, 29%, emphasized the financial impact on the organization, highlighting the crucial role compensation plays in the overall fiscal health. Additionally, employee perception and fairness, with 25%, and employee morale and well-being, with 15%, signify the importance of how compensation structures are perceived by employees and their direct impact on the workforce's satisfaction and welfare. The study concluded by highlighting the interconnectedness of compensation, professional development, and work-life balance in influencing employee well-being, engagement, and overall organizational effectiveness. Recommendations encompass reviewing and adjusting compensation packages, enhancing professional development programs, promoting a comprehensive work-life balance culture, conducting regular employee feedback surveys, fostering continuous communication, monitoring and evaluating impact, implementing employee assistance programs, providing flexibility in policies, recognizing and rewarding contributions, and investing in leadership training. These recommendations aim to create a workplace environment that attracts and retains top talent, fosters growth, ensures well-being, and contributes to sustained organizational success. The adoption of a cross-sectional study design ensures a timely and in-depth understanding of the subject, emphasizing the significance of employee retention strategies in organizational performance.
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