IMPACT OF CAREER DEVELOPMENT ON EMPLOYEE SATISFACTION IN PAKISTANI BANKING SECTOR

Abstract

Purpose: The puipose of this study was to identify the factors responsible for employee satisfaction and to investigate the comparative impact of those factors. Methodology/sample: For ascertaining views of employees from the selected banks, the data was collected with the help of a questionnaire. For belter representation of each bank, a total of 200 respondents were chosen (50 from each bank). Findings: Pakistan’s fastest growing sector is banking sector. With rapid expansion in the number of branches and the new functions assigned to them, banks are feeling a new pressure for developing the employee’s abilities for their growth purpose. The findings of the research conclude that there is an effective employee job satisfaction level in banking sector of Pakistan. There is a weak positive relationship between career planning with employee job satisfaction. There is a strong positive relationship between training & development with employee satisfaction. There is a moderate positive relation of supervisory support and growth opportunity with employee job satisfaction. Practical implications: The results of the research will be helpful for the banking sector in better understanding their career development practices and managers can use this research to recognize and resolve the career development related challenges. The research also provides the literature for future researches. Managers can also use this to find their employees satisfaction level and resolve issues associated with it.