• Dr. Dhruba Lal Pandey

In Nepal compensation and job security are considered as the major determinants of employee motivation. Motivated employees only stay in the organization for the longer period of time So, This study is trying to see the impact of compensation policy and employee turnover on employee turnover. The main purpose of this study is to examine the impact of compensation policy on employee turnover. Financial institutions should is considered as the major problem to labour turnover in Nepal. So, the banking sector was considered as the areas of study. Samples are selected based on knowledge on the issues under study 490 officer level employees were taken as sample which is nine percent of the population and sample size was determined based on statistical method. Officer level employees were selected as sample considering their understanding level over the research construct. Structure five point Likert scale questionnaire were used to collect data. Questionnaire was administered personally and only 407 useable questionnaire were returned. For the analysis of data factor analysis and linear regression techniques were used. The major finding of this study is ; compensation policy and job satisfaction has negative and significant impact on employee turnover. It means financial institutions that manages good compensation package and high level of job security to their employees can retain for longer period of time.

Compensation policy, Job security, Employee turnover, Financial institutions.

"Impact of Compensation Policy and Job Security on Employee Turnover", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.977-986, December-2018, Available :http://www.jetir.org/papers/JETIR1812D41.pdf

"Impact of Compensation Policy and Job Security on Employee Turnover", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp977-986, December-2018, Available at : http://www.jetir.org/papers/JETIR1812D41.pdf