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Abstract
Human resources are considered as a source of sustainable competitive advantage for achieving innovative and high-quality performance in an organization. Management practices focuses on optimal utilization and management of human resource quite effectively. Banking sector emerged as the strongest drivers of India’s economic growth with an outstanding progress in recent years. Today, Indian Banking is at the crossroads of invisible revolution. As the banking business strategies change from a worker-intensive to an automated information society, the workforce increasingly becomes more educated with higher professionalism and a decrease in organizational loyalty. High skilled workers want to work on projects that enhance their career, knowledge asset and future earning power. Consequently, when the employees get a good opportunity, they change from that job. On other hand, employers struggle to retain their valuable employees due to a general shortage of experienced candidates and aggressive recruitment tactics by others in the highly competitive era. Employee satisfaction improves morale in a business, which leads to increases in services and employee retention rates. Retaining employees is common to any industry including banking. This paper is aimed to study the impact of human resource practices on organizational commitment and employee retention in private sector banks in Chennai.