3 objectives of the study about the effect of work life balance on employee retention at in the Banking industry: a case study of Housing Finance Bank Kololo

Draft a problem statement for the study about the effect of work life balance on employee retention at Housing Finance Bank Kololo showing the different work-life balance practices implemented and the level of employee retention and show how is failing in one detailed paragraph with the latest references

With related literature discuss employee retention at Housing Finance Bank Kololo in one paragraph with the latest references

Draft a statement regarding work life balance at HOUSING FINANCE BANK with references

How does a proper work-life balance benefit companies in the long term?By reducing the need for competitive salariesBy decreasing employee turnover ratesBy allowing reduced work hours without any policyBy ensuring all employees work on weekends

Employee Retention StrategiesMahila Shakti Co-operative Bank works for women empowerment by providing small loans to women entrepreneurs. 90% of the bank’s workforce are female employees. Since its inception, the bank has faced a high annual employee turnover rate of around 28%. In a recent company-wide survey, it was found that one of the major reasons for the high turnover is pregnancy and childcare duties. What strategies should the bank employ to retain employees? (multiple correct options) Offer competitive rewards, developmental opportunities and good quality work environment to the employees.✕ IncorrectIntroduce a more generous maternity leave.✕ IncorrectAllow expecting mothers to work from home, saving them the trouble to commute to work.✕ IncorrectStart a fund to support the employee’s children’s education.