HR Practices and Employee Retention in the Banking Sector of Pakistan

Muhammad Aleem and Zulfiqar Ahmad Bowra

Journal of Accounting and Finance in Emerging Economies, 2020, vol. 6, issue 3, 787-798

Abstract: Purpose: Human Resource is one of the most valuable resources in any organization and its contribution is massive everywhere in the world.& Human Resources (HR) practices can be helpful to retain valued employees. This study examines the role and association between HR practices and employee retention. HR practices include training development, compensation, job security, working environment, leadership and culture policies. Major objective of this study is indentfiy the roele and effect of HR practices on employee retention in banking sector of Pakistan. &Design: The population of this study consists of 8 major banks of Pakistan including public, private, Islamic and foreign banks.& The mixed-method was employed to get the data through interviews and questionnaires. Simple random sampling and stratified random were used for interviews and questionnaires respectively.Findings: Findings of the study indicate that compensation; job security, training development, working environment and leadership practices have a significant association with employee retention. These variables also play a very imperative role in employee retention except job security. The culture policies have no significant association and role on employee retention.Value: The research findings may help the policymakers to prioritize the areas of instant concerns and invest resources as per the local requirement of staff for their retention in the banking sector of Pakistan.

Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/1356/962 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:src:jafeec:v:6:y:2020:i:3:p:787-798

DOI: 10.26710/jafee.v6i3.1356

Access Statistics for this article

More articles in Journal of Accounting and Finance in Emerging Economies from CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan Contact information at EDIRC.
Bibliographic data for series maintained by Rabia Rasheed ().