Abstract
The main objective of almost every organization is not only to select the right person for the right job but also to fascinate and retain them within the organization. Employee retention has considerable importance these days. This research was conducted to investigate how human resource management practices (employee compensation, employee training, appraisal system and employee empowerment) affect retention of banks employees. The data of this study was quantitative collected through questionnaire from 150 respondents from different banks of Quetta city. The results of the current study reveal that there is a significant positive relationship between human recourse management practices (empowerment, compensation, training and appraisal system) with employee retention. The study also discusses the limitations and recommendation for future research.
Introduction
Human resource is the most important asset of any organization as it is the source of achieving competitive advantage. In order to meet this challenge of achieving competitive edge the employers need to create such an environment that support the practices of retention. In which employees are encouraged. Once they are satisfied with their jobs, it will lead them towards commitment to their work as well as the organization and their intention to stay within the organization will be maximized.
Employee retention refers to the ability of the organization to retain its employees. It is the efforts by employers in maintaining such an environment that supports staff to remain within the organization for this purpose organization attempts to make policies that are aimed to meet the needs of the employees, enhance their job satisfaction, encourage and motivate them. Therefore the organizations want their employees to be more committed towards their work, performance and likely to retain in the organization. For any organization although hiring of competent employees is crucial, yet it is more important and challenging to retain those employees.
