ABSTRACT
This study tends to unravel the challenges of labour turnover
in the banking sector. One of the challenges and the most
exasperating puzzling trend is the avalanche of labour
turnover in banking industry. It is worthy of note, that no
organization can continue in business effectively without an
enhanced production from its human resources. For effective
analysis of the topic, Data were collected both from interview,
journal and recent development in the industry via
newspapers. The relationship between labour turnover and
condition of service was also tested through hypothesis 1 while
labour turnover affects banks performance and productivity
was tested by hypothesis 2 bearing in mind that
intercontinental bank being one of the rescued bank was used
as a case study.
The study suggested that labour turnover
has to be curbed bearing in mind the cost implication and its
effect in service delivering institutions like the banking
industry also the cost of recruiting new staff to fill the vacant
position. The study conclude by calling on president
Goodluck Ebele Jonathan to tell Sanusi that bank regulations
are not done on the pages of newspapers. Also, that his
proclamation are not based on conceptual framework but as
the spirit directs’ and most time he contradicts himself. This
call is necessitated on the fact that his action has increased
the level of turnover ever witnessed in the industry as the
employee no longer have confidence on the industry for the
fear of the unknown.
