An investigation into the effects of career development on employee retention at Anglogold Ashanti Limited, Obuasi Mine

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Date
2014-07-25
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Abstract
The purpose of the study was to seek the views and perceptions of selected employees on the effects of career development on employee retention at AngloGold Ashanti Company, Obuasi Mine. The main objective of the work was to measure the effects of career development on employee retention at AGA. The specific objectives were to assess the career development practices at AGA, to assess the performance of career development programs on employee retention of the company, to investigate the perception of employees on the existing career development practices and to assess the effects of career development on employee retention of the company. The sample size used for the work was one hundred and seventy (170) and the sampling method was purposive sampling and convenience sampling. The data was analysed using Statistical Package for the Social Sciences (SPSS). Considering the main objective of the study which was the effects of career development on employee retention, the major finding was that about 55.8% of the population sampled fell into the category of the young people on the mine. The young people constituted the majority as well as the backbone of the mine who would need enough career development programs to equip them as well as used as a strategy to retain them for a long period of time. The recommendation given was that since the young professionals who formed the majority of the population sampled on the mine were ambitious and desired to climb their career ladders to the utmost height through any organisation that equipped them. The management of the company were to introduce competitive training programs in order to retain them to gain value.
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A thesis submitted to the Department of Managerial Science, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirements for the degree of MASTER OF BUSINESS ADMINISTRATION (HRM OPTION).
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