EMPLOYEE’S JOB TURNOVER IN BANKING SECTOR AND ITS IMPACT ON SOCIETY AND POLICY FORMULATION
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Keywords

Banks
Employee’s job turnover
Job involvement
Organizational culture
Compensation
Policy formulation

How to Cite

Tahir, K. H. khan, Iqbal , A., & Bilal, M. (2021). EMPLOYEE’S JOB TURNOVER IN BANKING SECTOR AND ITS IMPACT ON SOCIETY AND POLICY FORMULATION. Global Journal for Management and Administrative Sciences, 2(2), 45–61. Retrieved from https://gjmasuok.com/index.php/gjmas/article/view/31

Abstract

The aim of study is to carry out an analysis of determinants of employee’s job turnover in banking sector. Further possible impacts on society and policy formulation are discussed at the end. Empiric witness has been evaluated across three major determinants i.e., job involvement, organizational culture and compensation with employee’s job turnover. For analysis, the data was collected through a questionnaire from a sample of 200 bank employees (male n = 119 and female n = 81) out of the population of 2600 employees of three most of the banks of Pakistan as Habib Bank Limited, Allied Bank Limited and Askari Bank Limited. The classification has been done on the basis of the financial worth of the banks and the number of employees. The results confirm that the selected factors do have an impact on employee job turnover but other factors do matter. Out of these three factors job involvement had a negative impact on employee retention whereas the organizational culture and compensation had positive impacts on the turnover of employees.  The study is beneficial for employees and banks simultaneously. Policy implications are discussed in this paper.

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Copyright (c) 2021 Dr Khizar Hayat Khan Tahir, Dr. Athar Iqbal , Muhammad Bilal