ISSN 2394-5125
 

Research Article 


EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY

Dr.Chitra Kesavan.

Abstract
In the present years, India has emerged as a developing nation in a globally competitive
environment. Like many other organizations across the globe, Indian banking sector also faces the problem of
employee attrition. Managers are facing the challenge of retaining the talent in the context of increasing
competition in the global marketplace. Taking this scenario into consideration the research will look into
employee retention problems within the demographic context of the employees of the Indian banking industry.
This research work brings to limelight how leadership practices, motivation and work-life balance acts as HR
interventions in retaining the employees in public, private and foreign banks in Chennai. Overall, from the views
of the bank employees it is concluded that the leadership practices in banks are meant for developing
organizational leadership, managerial support, organizational environment; leaders build conducive work
climate and rewards & welfare measures for employee retention .Inferences of results pertaining to work
motivation, implies that there are seven factors that determine motivation at work place, viz., Rewarding good
work, Pay & remuneration, Work interest, Growth opportunity, Good working environment, Welfare &
recreational facilities and Inter-personnel relationship. Similarly, work-life balance of the employees are also
primarily based on five major factors in banks, viz., Work overload, Time management, Work satisfaction,
Support network and Dependent care issues. The status of work motivational factors and work-life balance
factors is found to differ across banking sector. It is concluded that the work overload, time management, work
satisfaction, support network and dependent care issues in banks is unrelated to the demographic factors of the
bank employees and overall work-life balance is also similar among the bank employees of all demographic
factors. The results revealed that motivation and leadership acts as a strong mediating factor in employee
retention on top of work-life balance. It is also witnessed that the work motivation tends to increase with
effective leadership practices. But the above opinion levels do not differ by banking sector. It is finally
concluded that leadership practices and work motivation play a prominent role than work-life balance in making
the employees stay within the organization.

Key words: Leadership. Motivation, work life Balance, Employee Retention


 
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Pubmed Style

Dr.Chitra Kesavan. EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY. JCR. 2020; 7(19): 6049-6061. doi:10.31838/jcr.07.19.700


Web Style

Dr.Chitra Kesavan. EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY. http://www.jcreview.com/?mno=133720 [Access: September 14, 2020]. doi:10.31838/jcr.07.19.700


AMA (American Medical Association) Style

Dr.Chitra Kesavan. EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY. JCR. 2020; 7(19): 6049-6061. doi:10.31838/jcr.07.19.700



Vancouver/ICMJE Style

Dr.Chitra Kesavan. EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY. JCR. (2020), [cited September 14, 2020]; 7(19): 6049-6061. doi:10.31838/jcr.07.19.700



Harvard Style

Dr.Chitra Kesavan (2020) EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY. JCR, 7 (19), 6049-6061. doi:10.31838/jcr.07.19.700



Turabian Style

Dr.Chitra Kesavan. 2020. EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY. Journal of Critical Reviews, 7 (19), 6049-6061. doi:10.31838/jcr.07.19.700



Chicago Style

Dr.Chitra Kesavan. "EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY." Journal of Critical Reviews 7 (2020), 6049-6061. doi:10.31838/jcr.07.19.700



MLA (The Modern Language Association) Style

Dr.Chitra Kesavan. "EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY." Journal of Critical Reviews 7.19 (2020), 6049-6061. Print. doi:10.31838/jcr.07.19.700



APA (American Psychological Association) Style

Dr.Chitra Kesavan (2020) EFFECT OF MOTIVATION, LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL EVIDENCE FROM INDIAN BANKING INDUSTRY. Journal of Critical Reviews, 7 (19), 6049-6061. doi:10.31838/jcr.07.19.700