Abstract:
Employee turnover turn into central issue to focus for organization’s
workforce development and strategy. Almost all private banks of Bangladesh have
superior formation with excellent benefits but employee turnover occurs regularly.
There are some factors that influence employee to leave the organization. The
purpose of this research is to analyze the factors that influence employee turnover in
private banking sector in Bangladesh. Time period of this study is from 01 March,
2015 to 31 May, 2015. A total of 16 variables responsible for influencing employee
turnover are selected from related literature. Factor analysis has been conducted to
reduce the number of total variables. Bartlett’s test of Sphericity has been used
along with the Kaiser-Meyer-Olkin (KMO) statistic. SPSS 16.0 has been used to
analyze the data collected from primary sources through random sampling
technique. This analysis reveals that tangible and intangible Compensation, physical
stress out of organizational support, inconsistency of supervision and business
status, underprovided hygiene factor, lack of proper training and development and
transfer of jobs are the most important factors that may influence employee turnover.
From this study the private Commercial banks of Bangladesh can get a clear view
about the factors that may influence employee turnover of their respective
organization in order to reduce turnover
