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Implications of Low Compensation, Deteriorated Work Environment, Low Growth in Career and Work-Life Imbalances on Employee Turnover in Microfinance Banks of Larkana, Sindh, Pakistan

Author

Listed:
  • Syed Muneer Ahmed Shah

    (Professor, Department of Public Administration, , Shah Abdul Latif University Khairpur Mirs’ Sindh, Pakistan)

  • Athar K. Shar

    (PhD Scholar, Department of Public Administration, Shah Abdul Latif University Khairpur Mirs’ Sindh, Pakistan)

  • Muhammad Ayoob

    (PhD Scholar, Department of Public Administration, Shah Abdul Latif University Khairpur Mirs’ Sindh, Pakistan)

  • Faiq Gul Memon

    (PhD Scholar, Department of Public Administration, Shah Abdul Latif University Khairpur Mirs’ Sindh, Pakistan)

Abstract

Organizations have traditionally been concerned about employee turnover. An excessive amount of staff turnover might be harmful to the company and its workers. This study looks at how low compensation, deteriorated work environment, low growth in career, and work-life imbalances affect employee turnover in microfinance banks. Every person employed by Larkana City, Pakistan's microfinance banks (N = 100). 80 workers from microfinance banks in Larkana, Pakistan, were chosen using stratified random selection. Google Forms was used to collect the answers to the online survey forms that were distributed to the employees via email and WhatsApp. The links between the independent factors and employee turnover are examined using regression analysis with SPSS software. Each scale had strong internal consistency, as indicated by Cronbach's alpha reliability coefficients is .799. The research discovered a strong correlation between employee turnover and low compensation (β = 0.249, p

Suggested Citation

  • Syed Muneer Ahmed Shah & Athar K. Shar & Muhammad Ayoob & Faiq Gul Memon, 2024. "Implications of Low Compensation, Deteriorated Work Environment, Low Growth in Career and Work-Life Imbalances on Employee Turnover in Microfinance Banks of Larkana, Sindh, Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 65-70.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:2:p:65-70
    DOI: https://doi.org/10.61506/01.00299
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