TALENT MANAGEMENT PRACTICES AND EMPLOYEE RETENTION IN NIGERIAN BOTTLING COMPANY PLC, ABUJA

Abstract

This study examines the influence of three key talent management practices (compensation, performance appraisal,
and employee empowerment) on employee retention in Nigerian Bottling Company Plc, Abuja. A quantitative
research design utilizing a cross-sectional survey was employed, with data collected from 182 employees. Multiple
regression analysis was conducted to test the hypotheses and the findings revealed that compensation, performance
appraisal and employee empowerment significantly impact employee retention, collectively explaining 57% of its
variance. Performance appraisal and employee empowerment emerged as the strongest predictors with a standard
coefficient (Beta) of 0.403 and employee empowerment with a standard coefficient (Beta) of 0.412 respectively
highlighting the importance of transparent feedback systems and participative decision-making in fostering
employee loyalty. The findings emphasize the need for a holistic approach to retention strategies, incorporating fair
compensation, developmental appraisals, and empowerment initiatives. This study recommends among others that
organizations should implement an integrated approach to retention strategies by enhancing appraisal systems,
empowering employees and creating a motivating work environment especially in Nigerian Bottling Company Plc.