Factors Affecting on Employees Retention in Banking Sector: An Investigation from Karachi

European Journal of Business and Management, Vol.6, No.37, 2014, ISSN: 2222-1905 (Paper), 2222-2839 (Online)

11 Pages Posted: 7 Jan 2015

See all articles by Atif Salman

Atif Salman

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST)

Nawaz Ahmad

RTS (Research, Trainings, and Solutions); Institute of Business Management (IoBM)

Faiq Matin

Indus University

Date Written: December 30, 2014

Abstract

This study is an attempt to investigate the factors of employees’ retention in the banking sector of Karachi, Pakistan and find out its impact on the performance of Banks. Employee’s retention is major and vital issue facing by the banking industry in Karachi because of the shortage of skilled employment, economic growth as whole and employee turnover. Karachi is a economic hub and highly depends upon banking activities but banks are facing difficulties to manage their policies regarding motivation, training and development. Therefore it requires long term planning to cover the future related problem in this field which should be realized today. This study focuses on the primary data, which has been collected through closed ended questions with a five point Likert Scale. The study uses purposive sampling technique to capture the response of bankers. The collected data has been examined and evaluated through Statistical Package for Social Sciences (SPSS). The results of data have been critically examined through each and every angle and hence, we reached on the finding of the research. This study concluded that there is a strong relationship between Employees’ motivation and employees’ retention among employees of banking whereas employees’ training and development has no relationship with employees’ retention. It is suggested that banks should mold their policies regarding employees’ training and development, which will help banking sector to retain employees for longer time.

Keywords: Employees retention, Employees training, Employees motivation, Employees development

JEL Classification: C12, C42, O15

Suggested Citation

Salman, Atif and Ahmad, Nawaz and Matin, Faiq, Factors Affecting on Employees Retention in Banking Sector: An Investigation from Karachi (December 30, 2014). European Journal of Business and Management, Vol.6, No.37, 2014, ISSN: 2222-1905 (Paper), 2222-2839 (Online). Available at SSRN: https://ssrn.com/abstract=2545848

Atif Salman

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) ( email )

90 and 100 Clifton
Karachi, ISLAMABAD 75600
Pakistan

Nawaz Ahmad (Contact Author)

RTS (Research, Trainings, and Solutions) ( email )

9th Nishat Lane, DHA 6
9th Nishat Lane, DHA 6
Karachi, Sindh 75500
Pakistan
00923009292422 (Phone)

Institute of Business Management (IoBM) ( email )

Plot # 84
Korangi Creek
Karachi, Sindh 75190
Pakistan

HOME PAGE: http://www.faculty.iobm.edu.pk/staff/nawaz-ahmad/

Faiq Matin

Indus University ( email )

ST-2D, Block 17, Gulshan-e-Iqbal
Gulshan-e-Iqbal
Karachi, Sindh 75300
Pakistan

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