RETENTION EFFORT AND SOLVENCY OF BAKERIES OPERATING IN RIVERS STATE.

Abstract

This study examines the relationship between retention and solvency of bakeries in Rivers State. This study adopted Cross-sectional survey research design. The population of the study consisted 380 respondents from the bakeries in Port Harcourt. The study adopted simple random sampling technique. The structured questionnaire was used for data collection for this study.  Descriptive tools such as the mean and standard deviation were used in assessing the univariate distributions for the three variables. The inferential statistical tool, the Spearman’s rank order correlation coefficient (Rho), was used in the test for the bivariate hypotheses of the study using SPSS version 22. The study revealed that there is a significant relationship between mentoring and continuous production of bakeries in Rivers State. The study concluded that there is a positive relationship between retention and solvency of bakeries in Rivers State. The study recommended among others that bakeries should implement formal retention programs to transfer knowledge and improve employee skills, thereby enhancing both production and financial stability.