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EMPLOYEE RETENTION STRATEGIES IN BANKING INDUSTRY: A STUDY ON PUBLIC AND PRIVATE SECTOR BANKS

Poonam Madan, Jasleen Kaur Bajwa

Abstract


Today in this changing scenario retaining the employees with the organizations for longer duration for the benefit of both individual and organization have become a crucial point. Motivation is an important aspect which helps to retain the employees and perform better. To retain the best and the most suitable employee organization needs to provide proper career opportunities, working environment, compensation benefits and supervisor support to the employees. The objective of this research paper is to investigate & understand employee retention strategies prevalent in banking industry. The study also helps to determine the different strategies adopted by banking sector to retain its employees and maintain them.

Keywords


Employee retention, Career opportunities, Working environment, Motivation, Employee retention strategies, Banking industry

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References


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