Abstract:
Purpose
The aim of this study is to determine the “Impact of Human Resource Management Practices
on Employee Retention in MCB Bank Pakistan”. Fundamentally Human Resource
Management Practices are considered as significant contributor towards improving
organizational performance. The effectiveness of HRM practices play an integral part to
retain employees with theirjob in the organization.
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Methodology & Design
The nature of the research study is descriptive which is based on quantitative data.
Quantitative data was gathered through questionnaire, floated across 300 respondents as
sample size in head office of MCB bank. In order to analyze the data collected by the
Regression Analysis and Pearson Correlation were respondents, statistical tools such as
applied.
Practical Implications:
The implication of this research shows finding/result that are
findings will help the organization to understand the effects of current HRM practices and
determine weaknesses in order to take corrective actions to overcome those flaws and
Not only amend to necessary changes but also how organization can retain its employees and
effectiveness of HRM practices. Meanwhile the study
organizations relating to the banking sector.
based on the analysis. The
errors.
can also benefit other
to ensure
Findings
The research study has stated that there is positive significant relationship of training and
ppraisal and career growth on Employee Retention in MCB development, performance
Bank Head Office. Limitations
The research is limited to banking industry.
A small sample of 300 people were selected due to limited time and resources
It might be possible that employees of bank have not given sincere feedback due to their busy
schedule.
Recommendations '
On the basis of the analysis and the results here are some recommendations to further
improve the impact form practices in MCB Bank Head Office, Karachi:
MCB Bank, Head Office Karachi should modify and adjust the existing performance
appraisal system and pay more attention towards the transparency of the system.
There is a need of continuous check and balance to ensure that performance appraisals are
conducted after a certain period oftime.
The performance appraisal method ofthe organization should be based on quantifiable
results and objectives.
Promotions should be given on the basis of merit.
HRM practices implemented should be updated and analyzed time to time.
In order to motivate and retain employees, a good managerial support system should be
provided by the top management of the organization.
