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Employee retention: A challange faced by indian banking industry - A study

Author: 
Minaxi Setia and Dalbir Singh
Subject Area: 
Social Sciences and Humanities
Abstract: 

In today’s scenario Banking sector have emerged as most employment generating industry and contributing a large portion in Indian economy. This article enlightened the banking activity which thrives on the strength of human power. The success of an organization depends upon several factors but the most essential factor that affects the organization performance is its employee. Human resources play a vital role in achieving an innovative and high-quality product/ service and to fulfil the Vision and mission of that organization. The present study is an attempt to examine and analyse the impact of human resource management practices on job satisfaction of bank employees. Besides the fact, that Banks are emerging as the highest job generating agency, the banking sector is also facing employee retention problem. As retention is directly related to job satisfaction, which is to be monitored by the HR department. This study identified that the HRM practices like Workforce planning, Recruitment, Promotion, Transfers, Training and development, Performance Appraisal, Team Work and Compensation has significant impact on job satisfaction.

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