Factors Affecting Employees Turnover Intention in Private Banking Sector of Odisha: A Study on Twin-City Cuttack & Bhubaneswar

Abstract

In today’s competitive and challenging business world, it is considered an important task to manage employees’ turnover for any organization. A high rate of turnover is one of the major problems relevant to human resource management in the private banking sector in India. Employee turnover has a positive impact on business in any organization, including the banking sector. This study investigates the factors that affect private sector employees' leaving their jobs in private sector banks in Odisha. The present research aim is to determine the factors affecting employees' turnover intention in a private bank in twin-city Cuttack and Bhubaneswar, Odisha. Primary data for the study will be collected from the responses of 100 employees through a self-developed questionnaire measured on a five-point Likert scale. The reliability of the data will be tested by Cranbach’s Alpha test. A One-Sample t-test will be run to prove the hypothesis, and a correlation test and SPSS will be used for the analysis of the data. This study reveals that the independent variables used in the study, such as leadership, work environment, employee training, career progression, reward and recognition, and job autonomy. The results revealed that there is a significant relationship between all these factors and the employee's intention to turnover. This study will help the bank's management identify the potential factors that influence their staff to quit their current jobs. At the end of the study, several recommendations and suggestions for further research will be also discussed