Abstract:
The study examined the effect of compensation on employee retention at
Ghana Education Service [GES] in Cape Coast Metropolis. An explanatory
research design was employed due to the non-interventional causal nature of
the study. The study employed the quantitative research approach based on the
nature of the study purpose under consideration. The targeted population
included 106 permanent employees of the GES. Sample size of 84 workers
were surveyed through structured questionnaire administration. Stratified
sampling method was used for the selection of the respondents. Pearson
product-moment correlation, multiple regression and independent samples t test were conducted in respect of the specific research objectives. It was
discovered that there are statistically significant positive strong linear
correlations between the components of employee compensation and retention
among workers in GES in Cape Coast Metropolis. Compensation accounts for
a statistically substantial positive variance in employee retention at GES in
Cape Coast Metropolis. Only benefits administration is a significant positive
predictor of employee retention. There is no statistically significant difference
in compensation satisfaction and employee retention for male staff and female
staff in GES in Cape Coast Metropolis. Junior staff has higher level of
retention significantly than that of senior staff in the GES in Cape Coast
Metropolis. It is recommended that the Ghana Education Service must
continue the usage of the current compensation system if they are to improve
the level of employee retention.
