AIM AND OBJECTIVE

AIM

The aim of this study is to investigate the factors of employees’ retention in the banking sector
of gwalior, madhya pradesh and find out its impact on the performance of banks. Employees’
retention is major and vital issue facing by the banking industry in gwalior 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 training and development.motivation, Therefore it requires long
term planning to cover the future related problem in this field which should be realized today.

OBJECTIVE

The objective of the study is to identify the important and main factors that are affecting
employee retention in the bank with particular reference to gwalior.

The sub-objectives of the study are:

. To determine the factors that increase employees’ retention.

. To observe the relationship among employees’ training , employees’ motivation and

employees’ development with employees’ retention.
 BACKGROUND OF STUDY

The role of human capital is considered as a source of success in the operation of business
organization that has already been recognized by the business entities. the service quality is
subject to employees’ behavior especially during the job and employees are assets for service
sector’s companies. Through the proactive approach and positive polices competitive companies
are always busy to retain their employees and achieve organizational objectives.

The prime challenge for the banking sector in gwalior became now the
retention of an employee , while young , energetic and intelligent employees always ready to
switch over whenever he or she dissatisfy with any reason in the job. Profit and goodwill is
being generated through these employees , who are the backbone of business entity. Induction ,
orientation , socialization , training and developing , maintaining and retaining of an employee s
pend more capital by the organization for minimizing employees’ retention.

Although there are numerous researches have been done to identify the
factors for employees’ retention in many other businesses and industries but in banking industry
especially in gwalior is also required to identify these factors , whether they are influencing on
employee retention or not . In this research, I chose some variables to check relationship among
them. These variables are employees’ training , employees’ motivation and employees’
development that are going to be checked with employees’ retention . The longer period
retention of any employee is a significant part for competitive advantage, since when an
employee keep hold of for a longer period , it will increase the performance of the bank and also
helpful in enhancing the bank’s productivity.

Many variables are forced to the employees to decide whether they will
retain in the current company or leave the company, such security of job, salary along with other
benefits , development of career and on the job training and special reward/recognition for
special performance as businesses are become competitive so they want to retain their employees
for longer period.

A business is effective to the level to which it pulls off its objects . A

successful organization will put together that there is courage of collaboration and satisfaction
within its jurisdiction among employees and management . For the preparation of satisfied
employees and their commitment to their jobs within the organization , there is a requirement of
well-built and helpful motivation at the different levels as well as each department and
subdivision in the business.
 METHODOLOGY

This research paper is prepared in asystematic manner which consists the information about
Factors affecting employee retention in private banks.

DATA COLLECTION
PRIMARY DATA

It is a type of data which is collected by distrbuting the questionnaires to employees.

Questionnaire is prepared according to the topic and also by seeing who we are going to
distribute it.

SECONDARY DATA

It is an analysis and interpretation of primary research. In this type of data is collected from
websites and also collected from the research studies which have been done before.
 TOOLS AND TECHNIQUES

This study is totally based on primary data. A questionnaire regarding the research will be
used as information/data collection tool. Questionnaire survey will be used to obtain empirical
data for the study which is most popular instrument in collecting data. All respondents will be
requested to check or tick mark to the answer of every question/statement that they think is the
most suitable and right answer to the every question is truthful and frank response that is very
necessary to reach perfect outcomes.
 PROPOSED WORK

The biggest challenge in the orgnisation today is to retain their talented employees. The high
competition among the competitors, every bank tries to withhold their employees to get the
competitive advantages. As we all know employees are the most valuable asset of the private
banks, the success and failure depends upon how much they are satisfied with their work and
organisation. There is no single strategy or retention policy which which may satisfy each and
every employee in bank due to different personalities, demands and expectations of the
employees.

Employee retention has become a critical issue and an imperative subjectbon many grounds.In
developing economies, workforce demand is increasing and talent competition os fierce.it is a
new era of modern technology and competitive business environment.Employee retention is a
vital issue and a challenge faced by most of the bank now-a-days. There are number of factors
which promote employees to stay or leave the organization. These mat be external factors,
internal factors or the combined effect of both. The high salary or an authoritative designation is
not always a tool to make employees stick to the organization but there are many other things as
well as satisfaction of employees and their retention are the foundation stone for organizations’
success.
 REFRENCES

Sadia, R., & Uzma, R. (2012). Work Motivation Differences between Public and Private Sector.
American
International Journal of Social Science, 1 (2).
Samuel, M. O., & Chipunza, C. (2009). Employee retention and turnover: Using motivational
variables as a
panacea. African Journal of Business Management, 410-415.
Silver, F. (2013). Three Major Theories of Motivation. Retrieved 05 30, 2013, from
azcentral.com:
http://yourbusiness.azcentral.com/three-major-theories-motivation-1260.html
Tella, A., Ayeni, C., & Popoola, S. (2007). Work Motivation, Job Satisfaction, and
Organisational Commitment
of Library Personnel in Academic and Research Libraries in Oyo State, Nigeria.
DigitalCommons@University of
Nebraska - Lincoln.

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

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on_in_Banking_Sector_An_Investigation_from_Karachi [accessed Jan 23 2018].