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HR Retention Strategies for Enhanced Job Satisfaction in a Highly Competitive Job Market: A Study with Private Banking Sector in Bangladesh

Author

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  • Abdullah Al Ahad
  • Md. Rahat Khan
  • Md. Safiar Rahman

Abstract

Many studies have been conducted to find out the employee retention strategies by the organization towards issues related with HR. In this particular research the researchers tried to research and observe the relationship between employee retention and job satisfaction in private banking sector in the context of Bangladesh. A number of 150 sample size was considered through convenient sampling technique to analyze the relationship between satisfactions of employee on job retention strategies. The result of the correlation analysis found employee retention strategies is positively and strongly correlated with employee job satisfaction (r = 0.533, p < 1.00). In this regression analysis, the study found R2 = .284 which means independent (employee retention) variable can explain 28.4% of dependent variable (employee satisfaction) and the Independent variable employee retention can explain is positively depending on dependent variable employee satisfaction.

Suggested Citation

  • Abdullah Al Ahad & Md. Rahat Khan & Md. Safiar Rahman, 2020. "HR Retention Strategies for Enhanced Job Satisfaction in a Highly Competitive Job Market: A Study with Private Banking Sector in Bangladesh," International Journal of Social Sciences Perspectives, Online Academic Press, vol. 6(1), pages 53-58.
    • Handle: RePEc:oap:ijossp:v:6:y:2020:i:1:p:53-58:id:174
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    Cited by:

    1. Sanjoy Kumar Roy & Md. Rahat Khan & Nazrul Islam Shanto, 2023. "Bankers' job stress, job performance, and job commitment trajectories during the COVID-19 pandemic," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 19(3), pages 203-228.
    2. Anamaria MISA, 2023. "Reputation: A Systematic Literature Review and Bibliometric Analysis," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 134-141.

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