Sustainable HR Practices and Employee Retention: The Impact of Social Capital in Pakistan’s Banking Sector
DOI:
https://doi.org/10.56976/jsom.v3i4.133Keywords:
: Management Human Resource, Sustainability, Social Capital, Loyalty, RetentionAbstract
Study experts constitute the active concerns pertaining to human resource management draw as well as conserving talent are rooted in developing and growing the involvement of employees and sustainably leading and organizing the teams within the organization. The motive regarding this research document is to analyze the consequences of managing human resources sustainability upon the loyalty of employees and retaining them in the organization as well as how they share values within the group setting that is social capital. The insights were gathered from the online survey of banking employees in Pakistan. Data was processed by using the PLS-SEM technique. Our findings highlight that social sustainability initiatives significantly enhance the perceived social capital among employees. Importantly, this enhanced social capital subsequently leads to increased levels of employee loyalty and greater retention rates. These results underscore the importance of fostering a socially sustainable workplace environment, not only for its direct benefits but also for its indirect influence through bolstering social connections among employees. This research contributes to the understanding of how organizational efforts toward social sustainability can effectively strengthen employee retention and loyalty, offering practical insights for managers and policymakers seeking to enhance organizational outcomes through sustainable practices. This methodology not only benefits workforce morale besides retention but also makes a contribution positively to the organization's operations and societal impact. In essence, effective management of social sustainability actions can lead to a win-win situation where both organizational outcomes and societal benefits are maximized. This strategy not only benefits worker's morale as well as retention but also makes a contribution positively to the organization's functions and societal impact.
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Copyright (c) 2024 Soaiba Ahmed Khan, SH. M. Fakhr-e-Alam Siddiqui, Hammad Zafar, Syeda Anusha Gilani
This work is licensed under a Creative Commons Attribution 4.0 International License.