Factors Effecting Employee Turnover in Banking Sector

Abstract

Purpose:

The purpose of this study is to measure the factors that cause the employee turnover by discussing variables such as work environment, career growth, compensation and job satisfaction.

Design/methodology/approach:

Being descriptive study, survey method was adopted for data collection to find out the factors. A sample of 150 private and public banks of Bahawalpur was selected for the survey. Data was analysed by using Cronbach’s Alpha, correlation and regression in SPSS software.

Findings:

The independent variable work environment and job stress having large correlated with dependent variable employee turnover. While career growth and compensation have less influence on employees turnover.

Originality/value:

The paper reveals their existing relationship between the employee turnover and factors affecting in the banks in Bahawalpur.

Keywords:

Employee turnover, compensation, work environment, career growth, job stress, banks