The role of remote work on employees retention among Nigerian banks
DOI:
https://doi.org/10.5281/zenodo.8400337Keywords:
remote work, employee retention, pandemic, work arrangementAbstract
The paper examined the role of remote work arrangements on employee retention in Nigerian banks. The COVID-19 pandemic has disrupted the traditional work model arrangement between employees and their employers and significantly altered the relationship nature that existed between employers of labor and their employees across the globe. The sudden change has been profound and revolutionary. The study investigated the role of remote work arrangements among Nigerian Banks and its effect on employees’ retention strategies. The study was descriptive, phenomenology research design was adopted to creditably investigate the phenomenon under study. The study found no evidence that remote work has led to improved employee retention among Nigerian banks. The study further revealed that young employees consider issues like career progression and compensation packages to be more critical when deciding to stay longer or quit their jobs. The paper nevertheless found no empirical evidence that supports the notion that employees will necessarily stay longer in their jobs because of the benefits offered by remote work arrangements.
Key Words: Remote work, Employee retention, pandemic, work arrangement
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