The study examined the effect of change management factors on employee retention in the beverage companies in Ogun State. Specifically, the study examined the effects of employees’ participation in decision-making on employees’ retention; ascertained the effects of leadership styles on employees’ retention in the beverage companies in Ado/Odo-Ota, Ogun State, Nigeria. The quantitative research design was adopted, and a questionnaire was adopted to solicit information from the respondents from the selected companies. Two research hypotheses were formulated and regression analysis was used to test the stated hypotheses at a 5% level of significance. The findings of research hypothesis one revealed that employees’ participation in decision-making has a positive and significant effect on employee retention in the beverage companies. In addition, the findings of research hypothesis two indicated that leadership style has a significant effect on employee retention in the beverage companies in the study area. From the findings, the study concluded that change management practices affect employee retention in the selected beverage companies in Ogun State. On that note, it is recommended that the management of the selected beverage companies should enhance employee engagement in decision-making to increase the degree of employee retention in the companies.