Open AccessRetention of Employees at a Private Sector Small Bank, Chennai
Author(s) -
Kandasamy Padmavathi,
S. N. Geethalakshmi,
G. Sundharavadivel
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.d1078.1284s319
Subject(s) - marital status , business , job security , employee retention , population , descriptive statistics , private sector , marketing , data collection , job satisfaction , work (physics) , psychology , engineering , economics , social psychology , sociology , economic growth , statistics , mechanical engineering , social science , demography , mathematics
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.