Staff Turnover and Organisational Productivity: Perspective of Staff of Sinapi Aba Savings and Loans Company Ltd

Abstract

ABSTRACT Attrition or turnover may cost an organisation. Researchers have focused less on turnover’s effects. The study examined how worker turnover affected Sinapi Aba Savings and Loans Limited’s productivity. The study examined the causes of employee turnover, organisational productivity, and the impact of staff turnover on productivity. The study included explanatory, descriptive, and quantitative research designs. The target population includes all 4 Sinapi Aba Savings and Loans Limited branches’ workers. A census sample of 150 employees. Employees were asked about the study’s goals using a self administered questionnaire. Data was analysed using descriptive statistics and regression. The results showed work and organisational factors drive Sinapi Aba Savings and Loans Limited employees to depart for another business. Sinapi Aba Savings and Loans Limited. has a reduction in organisational productivity, missed deadlines, resource waste, service decline, high training costs, increased work load, and overtime. Staff turnover caused a statistically significant but moderate positive variance in organisational output. It is now concluded that job factors and organisational factors of staff turnover are the are the factors that causes employees of Sinapi Aba Savings and Loans Limited to leave for another company. Also, it is now concluded that staff turnover has led to reduction in organisational productivity. Management should improve employee working conditions by providing a safe and healthy working environment with contemporary office facilities and equipment. Also, numerous employee benefits should be provided, including medical, travel, vacation, scholarship, and pension benefits