Impact of Compensation Packages on Turnover Intentions with mediating effect of Organizational Culture

Abstract

This study aims to determine and examine impact of Compensation Packages on employee’s turnover intentions with mediating effect of organizational culture. It has utilized a quantitative survey through the use of a questionnaire to empirically test the impact of the Compensation Packages on turnover intentions of employees with mediating effect of organizational culture. A total of 300 questionnaires were distributed and results were evaluated through primary and secondary data.The research finding reflects that the Compensation Packages are vital to reduce the employee turnover intentions at workplace. This research has identified the mechanism through which a favorable Compensation Packages system can be justified for employees so as to avoid high rates of turnover.  The results clearly show that, with reference to Pakistan’s banking sector, organizational culture has a very significant relationship with Compensation Packages, as well as an employees’ intention to quit.