Reward management is related to factors that can indulge the unsatisfied needs ofrnemployees. Objectives include examining the effect of reward management on thernretention of employees; in Oromia International Bank of Ethiopia. Five hypotheses werernformulated to address the objectives. Data were collected from sample size of 298rnrespondents through reward attitude survey adopted from Armstrong (2010) and a selfadministeredrnquestionnaire and interview. The study also uses OIBâ€™s annual report as arnsecondary source. The study is a descriptive which used correlation and regressionrnanalyses. The analysis is conducted using SPSS version 20 and the results found thatrnreward attitude, organizational climate, job satisfaction, employee commitment arernstrongly related while employee well-being are not significantly related. Finally thernstudy recommends that OIB should work on the perception of employees toward therncompany reward system through communication and in addition the bank employeesâ€™rnwell-being should be reinforced with a knowledge and skill that would enable them tornaccomplish their activities in the desired way. Finally the study suggests that furtherrnresearch should be conducted in different sector to avoid peculiarity of a single industryrnand also to consider other sectors different strategic approaches to ensure the observedrnassociation consenting for comparison and generalization to a broader population onrnthe effect of reward management on employee retention.