The Role of Training and Satisfaction in the Banking Sector Enhancing Employee Retention

Abstract

Organizations need effective training to succeed. In order to accomplish this, businesses need to hire competent workers and keep them on board for the long run. This study looks at previous data to find out how employee training and retention are related. It is well acknowledged that training is a vital component of talent retention and a major driver of organizational success. Some managers are reluctant to invest in training despite its value because of the associated costs and dangers.This study looks at how training affects employee retention and emphasizes that training is an essential strategy for retaining key employees.This study looked into the variables that affect staff turnover and retention in banks. The study used an online questionnaire to assess 76 officer staff members based on Herzberg's and Human Capital theories. Training has a negative influence on staff turnover but a good impact on work satisfaction and retention, according to the report. The study's concentration on a single university is one of its limitations, despite its useful findings, which suggests the need for additional research in a variety of businesses and populations. The practical implication for banks is that by putting job satisfaction first, training employees can improve talent retention and lower turnover.