7. Discussion
The findings of this study are context specific. The results reveal that banking sector of Pakistan is a male dominant sector with 67.29 percent of the respondents. However, this does not mean that banking sector of Pakistan offers limited growth opportunities for females, as a matter of fact number of females in the banking sector have increased recently according to previous research findings (Asrarulhaq, 2012; Bodla & Hussain, 2009). The majority of banking workforce (90.19%) belonged to 26–35 years age group. There was no subordinate with 46 or above age. It is revealed that due to early retirement and promotion of employees to management positions is the main reason for absence of higher age workforce in banking sector. In addition, increase in the number of banks in the country is also a significant reason. The same fact is reflected in education and experience factors as well. The education level of 88.73 percent subordinates was at least Masters, whereas only 11.27 percent of subordinates had bachelor degrees. The majority of respondents had one to eight years of experience at their current positions. Subordinates having one to four years of experience were 49.08 in percentage. The subordinates with five to eight years of experience at current designation characterized 28.70 percent of respondents. The inclusion of technology in banking sector, banks prefer to hire well educated and young workforce rather training the existing ones who are close to their retirement. In addition, some of the experienced managers were able to get promotion and were holding positions in administration, while many got retired with attractive retirement packages (offered by banks against their retirement before time) in last few years. Therefore, based on the above demographic results, it can be inferred that the banking sector of Pakistan is a growing sector and is boomed by the young generation.
