Impact of Staff Turnover on the Financial Performance of Nigerian Deposit Money Banks

This study determined the effect of staff turnover on the financial performance of Nigerian banks. Ex Post Facto research was adopted for the study. Panel data approach, for a period of 10 years 2011 2020 was adopted. A sample of ten out of twenty two banks in Nigeria were used for the study The data were analyzed using regression technique with aid of E view 9.0 at 5 level of significance. The study revealed that staff turnover cost has a negative impact on profit margin and return on assets of Nigerian banks. Based on the findings of this study, the researchers suggest that there is a pressing need for Nigerian commercial banks to participate in proactive strategic planning and initiatives to reduce staff turnover. As a result, the management should try to ensure that its trained and experienced staff has all of the necessary comfort and ease to accomplish their jobs. Dr. Elena Platonova | Fatimehin Kolawole | Olaniyi Ayo Rufus | Adebisi Joel Adewale "Impact of Staff Turnover on the Financial Performance of Nigerian Deposit Money Banks" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-4 , June 2022, URL: https://www.ijtsrd.com/papers/ijtsrd50167.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/50167/impact-of-staff-turnover-on-the-financial-performance-of-nigerian-deposit-money-banks/dr-elena-platonova