Investigating The Mediating Role of HR Policies In Employee Retention

In an environment of economic growth, globalization and increasingly competitive markets most fundamental challenge is the attraction and retention of an ample supply of labor and appropriate skill in order to sustain growth. HR policies play its crucial role in responding employee complex and erratic workplace issue and to minimize employee high turnover rates. Since, Pakistan banking sector is frequently in front of high turnover rate and skill drainage therefore, compelling urge of research was felt to investigate the role of HR policies to mitigate the effect of ʹPushʹ factors in employee retention. Survey findings revealed that, Performance Appraisal is the leading factor containing highest mean value whereas; Employee Recognition perceived to be a resulting factor showing lowest mean value. The result entails that employees at HBL trust the appraisal process and it is based on goals set in advance whereas, employees thought that they do not receive appropriate recognition for their contributions and they believe that they do not have enough freedom to take independent action when needed