IMPACT OF SUPPORTIVE WORKING ENVIRONMENT ON EMPLOYEE RETENTION IN THE BANKING SECTOR OF KARACHI

Abstract

Purpose: The main aim of this study is to analyze the impact of supportive working environment on Employee Retention. This study aims to find out how different variables impact the employee Retention in different working sectors of Karachi. The variables taken for the research includes the perceived climate, peer group interaction, perceived organizational support and supervisory Relationship as Dependent Variables. However the Dependent Variable is Employee Retention. Methodology & Design: The nature of the research is Quantitative. The sampling technique used for this research is Non Probability convenience technique. The collection of data was done through circulating the structured questionnaire among the employees in multiple sectors of Karachi city. The sample size was 384. And the data was analyzed through Correlations and Regression test. Findings: As per the outcomes there Supervisory relationship, perceived organizational support and peer group interactions do have impact on employee retention whereas the perceived climate does not show impact on employee retention. Implications: Organizations are recommended to focus on providing supportive working environment terms including perceived climate, perceived organizational support, peer group interaction and supervisory relationship to promote Employee Retention in the organization. The limitations of the research are time was short, cost was limited and the research limited to city Karachi only.