Retention Effort and Organizational Survival of Small and Medium Scale Enterprises in Nigeria

This study investigated the relationship between retention effort and organizational survival of Small and Medium Enterprises SMEs in Nigeria. Cross sectional research design was adopted for this study. Primary data was generated through self administered questionnaire. The population of the study was two hundred and twenty five 225 manager and supervisors drawn from twenty five 25 registered with the Corporate Affairs Commission of Nigeria and functional SMEs operating in Nigeria. Sample sizes of 134 respondents were selected out of the population using Taro Yamane's formula. A well structured questionnaire was used as instrument of data collection for the study. Spearman's Rank Order Correlation was utilized in testing the stated hypotheses with the aid of Statistical Package for Social Sciences SPSS version 23.0 . The study findings revealed that there is a significant relationship between retention effort and organizational survival of Small and Medium Enterprises SMEs in Nigeria. The study therefore concludes that retention Nigeria. Finally, the study recommends that the management of Small and Medium Enterprises SMEs in Nigeria should concentrate on the enhancement of training and retention efforts of their organizations as way of promoting the survival of their organizations. Agbeche, Aaron "Retention Effort and Organizational Survival of Small and Medium Scale Enterprises in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-3 , April 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49703.pdf Paper URL: https://www.ijtsrd.com/management/strategic-management/49703/retention-effort-and-organizational-survival-of-small-and-medium-scale-enterprises-in-nigeria/agbeche-aaron