Journals Proceedings

Abstract

as banking industry of Bangladesh is growing fast. The competition forced the organizations to focus on high quality service for which retaining valuable and skilled workforce is important. The organizations are focusing more on designing customized retention strategies as there is varying relationship with individual factors and the HRM practices. Recent research initiatives concentrated on the causes of employee turnover; whereas this research focused on the relationship of individual employee’s aspects like gender, years of experience and the number of banks they have worked for with the HRM practices (Compensations & Benefits, Career advancement opportunity, Job security, Work place environment, Organization growth and reputation, Relation between top management and employee). The nonprobability purposive sampling was used to select 100 respondents. Selfdeveloped questionnaire using Likert Scale was utilized for data collection. Crosstab, frequency table were used to generate results with the help of SPSS Ver. 20. It has been observed that the priority of the HRM strategies differs based on different individual factors of the employees. This study will help the banks to design appropriate retention strategy according to the preference of the diverse employees.