Embedding Ethical Values in HR Practices: A Strategic Approach to Elevate Employee Engagement and Reduce Turnover Intention

In the competitive landscape of private sector banks, the dual challenge of elevating employee engagement and reducing turnover intention has emerged as a critical focal point. This abstract provides a glimpse into the research exploring the profound impact of Human Resource (HR) practices in navigating these intertwined challenges. Through an investigation of ethical and social responsibility, diversity and inclusion, ethical leadership, employee wellness program, employee rewards and recognition, this research uncovers the important role played by HR practices in creating a workforce extremely engaged with the organization's goals and concurrently mitigating the intentions of employees to seek alternatives. The data was collected from the private banks situated in Jharkhand region. The study employed various tools like regression, correlation, confirmatory factor analysis etc. to study the relationship between dependent and independent variable. The findings of the study offer valuable insights for private sector banks seeking to enhance their organizational performance and stability, positioning HR strategies at the core of their success.