The impact of non-monetary factors on Employee retention in the banking Industry of Pakistan

Abstract

This study is focused mainly on identifying the impact of Non-Monetary Factors on the Employee Retention. This study has selected banking industry of Pakistan and targeted the employees of banking institutions to collect the data to be used within this study. It has been found that Job Security, Career Growth Opportunities, and Job Flexibility (Independent Variables) have significant positive impact on the Employee Retention (Dependent Variable). Research instrument used within this study for the collection of data from respondents has been the structured questionnaire. Various statistical instruments that are used primarily to analyze the relationship between these variables includes descriptive frequencies, reliability, correlation, regression, ANOVA, coefficient etc. The results interpreted through correlation and regression by the help of SPSS software have shown the significant impact that Non-Monetary Factors (Job Security, Career Growth Opportunities, and Job Flexibility) has on influencing the employee retention. The findings have explained that non-monetary factors prove highly significant in influencing employee retention within banking industry of Pakistan.