IMPACT OF CAREER DEVELOPMENT ON EMPLOYEE SATISFACTION IN PRIVATE BANKING SECTOR KARACHI

Abstract

Purpose - This study aims to determine the relationship between career development opportunities available to the employees and their job satisfaction. The study is focusing on private banks in Karachi. Methodology/Sample - For this paper, survey was conducted by using structured questionnaire that were administered through e-mail and by distributing to five hundred respondents from five private Banks situated in Karachi. Hypothesis testing has been done by use of Chi-Square test. Sample size for the study is 395 and the sampling procedure used is convenience based. Findings - The study determined that there is positive relationship between career development and employee job satisfaction in banking sector. Employees are satisfied with career development activities that are offered at their organizations. Corporate world has become more competitive hence employees have become more conscious to career development. Practical Implications - The findings of the research is beneficial for management of banking sector to design career development programs in such a way that increase the job satisfaction and promote work environment among employees in Pakistan. Research Limitations - Data confidentiality policy of organizations, time constraint and unavailability of concerned personnel at the time of interviews were limitations in some cases while gathering data.