Author(s) :

Akande, Bello, B., Eyitayo, Onipede, Olabiyi, Tongo, Nancy Izegbuwa, Olugbenla, Patrick, Adekunle, Adekola Rasheed..

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Abstract :

This study examined the relationship between corporate culture and employee retention using food and beverage companies in Ado-Odo-Ota L.G.A of Ogun State. The three selected companies used were Nigeria Distilleries Limited, Intercontinental Distilleries Limited and Nigeria Breweries. This study used a survey research design. The random sampling was used in this investigation to gather data. The sample frame of the employees in the selected food and beverages company population were drawn using Taro Yamane formula 203 copies of the questionnaire were administered of which 200 of them analysable which provided the basis for data presentation. Data collected were analysed using both descriptive and inferential statistics chi-square test at p > 0.05. The study through means score and standard deviation as well as regression analysis found out that there is a significant relationship between teamwork between corporate culture and employee retention in selected food and beverages companies in Ado Odo Ota L.G.A of Ogun state, Nigeria, (corporate culture mean = 52.4620; standard deviation = 7.84089; teamwork behaviour mean = 118.3266; standard deviation = 21.70366). The result also revealed that Communication is significant and contributed to employee job retention. Communication (B = .132; t = 3.941; p < .05). Reward and recognition also determine Employee job retention (F2,1144 = 69.201; p < .05) and Training and development also contributed to employee retention in selected food and beverages companies in Ado Odo Ota L.G.A of Ogun state, Nigeria (Beta = .122; t = 3.701; p < 0.05). The study concluded that corporate culture has a significant and positive influence on employee retention and recommended that organisational structure, i.e. a Matrix structure, be reviewed to allow for a more flexible and less bureaucratic culture. Also, rules and processes should be adaptable enough to allow for employee input and creativity.More crucially, among other things, corporations may actively promote engagement in particular elements of their responsibilities.

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