Antecedents of Employee Retention: a Comparative Assessment of Public and Private Sector Banks in India

Tanusree Das; Sharmistha Banerjee

doi:10.36948/ijfmr.2025.v07i02.43382

Antecedents of Employee Retention: a Comparative Assessment of Public and Private Sector Banks in India

Author(s)	Tanusree Das, Prof. Dr. Sharmistha Banerjee
Country	India
Abstract	Employee retention has emerged as a pivotal concern for organizations seeking to maintain competitive advantage in an increasingly knowledge-driven global economy. While job changes often result from employees' perceptions of greater utility elsewhere, factors such as long working hours, limited growth opportunities, health concerns, and value misalignments also significantly contribute to turnover intentions. At the organizational level, turnover imposes substantial costs through lost training investments and disruptions in operational continuity. Understanding the reasons behind employee departures, and equally, why employees choose to stay, has become critical for developing effective retention strategies. Prior research emphasizes that turnover negatively impacts organizational performance, highlighting the necessity for organizations to proactively address retention. While much scholarly attention has focused on why employees leave, less has been directed at understanding the processes underpinning their decisions to stay. Effective retention efforts involve creating environments that meet the diverse needs of employees, ensuring satisfaction, commitment, and embeddedness. Financial rewards, job satisfaction, organizational commitment, and non-financial factors such as job embeddedness have been extensively studied as key antecedents. Against this backdrop, the present paper undertakes a comprehensive review of the major literature on employee retention and proposes a conceptual framework linking employee engagement, job embeddedness, and social capital to employee retention. This framework is intended to guide future empirical validation, particularly within the context of public and private sector banks in India. The study aims to contribute to the deeper understanding of retention mechanisms and offer strategic insights for organizational leaders aiming to reduce turnover and foster long-term workforce stability.
Keywords	Employee Retention, Turnover Intention, Job Satisfaction, Job Embeddedness, Social Capital, Employee Engagement, Public Sector Banks, Private Sector Banks, Human Resource Management
Field	Sociology > Administration / Law / Management
Published In	Volume 7, Issue 2, March-April 2025
Published On	2025-04-30
DOI	https://doi.org/10.36948/ijfmr.2025.v07i02.43382
Short DOI	https://doi.org/g9g78f

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Antecedents of Employee Retention: a Comparative Assessment of Public and Private Sector Banks in India

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