Chapter One — 1.1 Background to the Study

Talent Retention Strategies has increasingly attracted the attention of researchers, regulators, and practitioners concerned with employee retention. This growing interest reflects the recognition that talent retention strategies does not operate in isolation, but interacts with a wider set of institutional and market conditions found within Selected States in South-West Nigeria.

Selected States in South-West Nigeria presents a useful setting for examining this relationship precisely because the conditions there — structural, regulatory, and behavioural — differ from those typically assumed in the broader literature, most of which draws on evidence from more developed economies.

1.2 Statement of the Problem

While talent retention strategies is widely discussed in policy and industry circles, empirical evidence on its actual effect on employee retention within Selected States in South-West Nigeria remains sparse and, in places, contradictory. This lack of localized, rigorous evidence makes it difficult for decision-makers to know with confidence whether current approaches to talent retention strategies are helping or hindering employee retention — a gap this study sets out to close.

1.3 Objectives of the Study

1. To examine the effect of Talent Retention Strategies on employee retention in Selected States in South-West Nigeria.
2. To assess the extent to which talent retention strategies influences employee retention within the study area.
3. To identify the challenges associated with talent retention strategies in relation to employee retention.
4. To recommend strategies for optimizing talent retention strategies in order to improve employee retention.

1.4 Research Questions

1. What is the effect of talent retention strategies on employee retention in Selected States in South-West Nigeria?
2. To what extent does talent retention strategies influence employee retention within the study area?
3. What challenges are associated with talent retention strategies in relation to employee retention?
4. What strategies can be adopted to optimize talent retention strategies in order to improve employee retention?

1.5 Significance of the Study

This study is significant to a range of stakeholders. For policymakers and regulators, the findings offer evidence to guide the design of frameworks that support healthier outcomes around employee retention. For managers and practitioners within Selected States in South-West Nigeria, the study provides practical insight into how talent retention strategies can be better managed. Finally, it contributes to the academic literature on human resource management by extending existing knowledge into a specific empirical context, and offers a reference point for future researchers.

1.6 Scope of the Study

The study is limited to an examination of Talent Retention Strategies and its relationship with employee retention within the context of Selected States in South-West Nigeria. It reflects a clearly defined scope of analysis and relies on data and perspectives available within that scope; generalizing the findings beyond this specific context should therefore be done with appropriate caution.