International Journal of Small Business and Entrepreneurship Research (IJSBER)

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Talent Retention and Insurance Performance in Nigeria: An Exploration of Professionals’ Perspective (Published)

The general objective of the study was to investigate talent retention and insurance  performance in the South South Zone of  Nigeria. The population of this study was 157 and its sample 113. The study made use of the survey research design while  86% response rate was recorded. The analysis of data was done with  multiple regression method.  It was found that economic security has a significant influence on insurance performance(Beta =2.981, t=4.785, p<0.05); psychological security has a significant influence on insurance performances(Beta =1.003, t=2.143, p<0.05); affiliation has a significant influence on insurance performance(Beta =3.138, t=3.381, p<0.05); and that self-actualization  has a significant influence on insurance performance(Beta =1.064, t=2.011, p<0.05). The research recoded an  adjusted R2of 67.1%.  It was concluded that talent retention  can influence insurance performance in Nigeria. It was recommended  that insurance companies  should prioritize economic security of its professionals,  provide for a working experience and environment that promotes professionals ‘social-economic stability and  psychological wellbeing, provide for a  friendly  working atmosphere to engender friendliness and  offer  a working environment that engenders  self-actualization dream to influence talent retention.

Umoh V.A., Nsien C.B., Nkutt N.M. (2023) Talent Retention and Insurance Performance in Nigeria: An Exploration of Professionals’ Perspective, International Journal of Small Business and Entrepreneurship Research, Vol.11, No.1, pp.,54-65

 

 

Keywords: Self-actualization, affiliation, economic security, insurance performance, psychological security, talent retention

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