Chapter One — 1.1 Background to the Study

Over the past decade, the relationship between talent retention strategies and employee productivity has become a subject of considerable debate among scholars and industry practitioners alike, particularly within the context of Selected Fintech Companies in Nigeria where operating conditions differ markedly from more developed markets.

Selected Fintech Companies in 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 productivity within Selected Fintech Companies in 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 productivity — 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 productivity in Selected Fintech Companies in Nigeria.
2. To assess the extent to which talent retention strategies influences employee productivity within the study area.
3. To identify the challenges associated with talent retention strategies in relation to employee productivity.
4. To recommend strategies for optimizing talent retention strategies in order to improve employee productivity.

1.4 Research Questions

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

1.5 Significance of the Study

Beyond its academic contribution to the field of human resource management, this study has practical value for management teams within Selected Fintech Companies in Nigeria seeking to understand how talent retention strategies translates into measurable outcomes around employee productivity. It is equally useful to students and future researchers looking for a localized empirical reference on this relationship.

1.6 Scope of the Study

In terms of scope, this study confines itself to Selected Fintech Companies in Nigeria, focusing specifically on how talent retention strategies relates to employee productivity within that setting. Findings are interpreted within these boundaries rather than as universal claims applicable to every organization or market.