Retention of Employees at a Private Sector Small Bank, Chennai
K. Padmavathi1, S. Geethalakshmi2, G. Sundharavadivel3
1K. Padmavathi, Research Scholar, Department of Adult & Continuing Education Social Sciences, University of Madras, Chennai (Tamil Nadu), India.
2S. Geethalakshmi, Research Scholar, Department of Adult & Continuing Education Social Sciences, University of Madras, Chennai (Tamil Nadu), India.
3Dr. G. Sundharavadivel, Professor, Department of Adult & Continuing Education Social Sciences, University of Madras, Chennai (Tamil Nadu), India.
Manuscript received on 29 November 2019 | Revised Manuscript received on 21 December 2019 | Manuscript Published on 31 December 2019 | PP: 197-199 | Volume-8 Issue-4S3 December 2019 | Retrieval Number: D10781284S319/2019©BEIESP | DOI: 10.35940/ijrte.D1078.1284S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Employee retention is not something that can be dealt with records and reports. It depends purely upon how the employers understand the various concerns of the employees and how they help them resolve their problem, when they are in need. Therefore the main aim of this study is to study the employee retention at a private sector small bank in Chennai. To achieve the said objectives of the study data was collected from around 100 employees from the total population of 450 employees using convenience sampling technique. The research design used in this study is descriptive research design. Primary data was collected using a structured questionnaire and secondary data was obtained from company website, journals and books. The Independent variable used for the study are Age, gender, marital status, educational qualification, experience and monthly income and the dependent Variables are Compensation & Rewards, Work Environment, Organization Culture & Relationship, Job Satisfaction & Security, Training & development and Social relevance of working life. Percentage analysis were used to break the raw data. From the study it is found that majority of the respondents are above the age group of 20 years, majority are male and are UG. It is further found that employee retention helps in the development of the organization and management comes forward to solve the employees problem. Employees feel valued and appreciated, be given feedback, provided with growth opportunities, be given work-life balance options, have trust and confidence in their leaders.
Keywords: Employee Retention, Compensation & Rewards, Work Environment, Organization Culture & Relationship, Job Satisfaction & Security, Training & Development and Social Relevance of Working Life.
Scope of the Article: Smart Learning Methods and Environments