MOTIVATION ON EMPLOYEE RETENTION IN COMMERCIAL BANKS IN HOMABAY COUNTY, KENYA

For the success or failures of every industry employees play a very vital and crucial role thereby making it very essential to attract and retain the most talented employees. Therefore, understanding the motivation on employees retention is very critical component for all stakeholders in the banking sector. The main aim of the current study was to evaluate the effects of motivation on employee retention in commercial banks in Kenya. Descriptive research design was used and the targeted population consisted of 50 employees from 5 commercial banks within Homabay County. Census sampling technique was used in the study. Both primary and secondary data was adopted by the study. Results analyzed using tables and presented using bar graphs and charts to help in interpretation.Inferential statistics such as regression analysis was also used.The study estimated an R2 of 0.7604, implying that 76.04% of changes in the banks employees retention are explained by the independent variables. It further revealed that employee reward (mean=8.3, SD=10.6488) and working organizatinal climate (mean=5.82, SD=3.3545) had the most significant positive effects on banks employees retention. The study therefore recommends that conducive environment and employee reward be highly considered by the management to ensuremost of the employees are retained within the industry.