Determining Effect of Demographic Differences on Determinants of Retention among Indian Private Bank Managers

The study considers the influence of select demographic variables on determinants of retention of managers in two new Indian Private Sector Banks, located in National Capital Region of India-Delhi. The managers examined for the study were with minimum two years of experience in the same bank. Data from 301 lower and middle level managers were collected and the sample was finalized using stratified random sampling. Hypotheses were created predicting the relation between each select demographic variables and determinants found significantly related to retention. Foremost, multiple and hierarchical regression analysis were performed on models created to identify the significant determinants for retention. In main analysis, effect of demographic variables on those significant determinants was measured using t-test and ANOVA/Brown and Welch Tests. Results indicate that a number of determinants of retention show significant differences based on demographic differences.