DETERMINANTS OF EMPLOYEE RETENTION IN NEPALESE COMMERCIAL BANKS
Date
2024
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Shanker Dev Campus
Abstract
The research study titled "Determinants of Employees' Retention in Nepalese
Commercial Banks" investigates factors influencing employee retention in Nepalese
commercial banks, focusing on job attributes, work environment, team building, career
development, and quality of work life as independent variables, with employees'
retention as the dependent variable. Data was collected through Google questionnaires
from 190 respondents working in these banks and analyzed using SPSS software.
Descriptive and inferential statistical tools, such as mean, standard deviation, frequency
analysis, correlation, regression, and hypothesis testing, were employed. In conclusion,
the study sheds light on the factors that influence employee retention in Nepalese
commercial banks. The research methodology involving primary data collection
through Google questionnaires and statistical analysis using SPSS software proved
effective in providing a comprehensive understanding of employee perceptions and
experiences. The moderate levels of satisfaction in various aspects of the job and work
environment suggest room for improvement to strengthen employee retention. By
addressing the factors identified, such as promoting effective leadership, fostering
diversity and inclusion, offering career development opportunities, and ensuring a
positive work culture, banks can foster a more engaged and satisfied workforce.
Ultimately, these efforts can contribute to the long-term success and growth of Nepalese
commercial banks by retaining valuable talent and creating a positive work
environment for all employees.
Keywords: Employees' Retention. Job Attributes, Work Environment, Team Building,
Career Development, Quality of Work Life