Abstract:
Purpose ofthe study: Major puipose ofthis research was to study employee retention which
is dependent upon training and development of employees at FBL in Karachi Pakistan. The
variables that are intervening for achieving long term retention are T&D and sufficient
training budget in the banking sector, prompted to conduct this research. The major key
variables are types oftraining programs and duration oftraining.
Methodology/sample: The study involved use of questionnaires filled by 66 respondents and
data on employee turnover rate and training budget yearly of FBL for the period of
2007-2014 is used for analysis. The respondent individuals belonged to different age groups,
and different organizational levels. To analyze the data, Correlation tests was applied. Data
from FBL Karachi Head office branch of Pakistan was collected and analysis oftheir training
programs, training budget and turnover rate was conducted to determine their employee
retention level throughout the year.
Findings: The analysis and comparative results clearly suggested that FBL has decreased
their turnover rate by increasing facilities provided to them for enhancing their skills and
abilities through training and development, while the bank is earning huge profits by
retaining their employees. It was also revealed that high profits are being earned by FBL due
to lower turnover rates and higher retention by T&D.
Practical Implications: The outcomes of the research might help the banking sector of
Pakistan, FBL and other related quarters to understand the impact of T&D on employee
retention in banking sector and to understand the overall dynamics and mechanism of
banking sector in Pakistan.
