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Employee Retention Strategy

Author(s):

A. Esther Rose , PRIST School of Business, Vallam, Thanjavur; K. Aiyappan, PRIST School of Business, Vallam, Thanjavur

Keywords:

Employee Retention, Employee Turnover, Attrition

Abstract

Employee Retention is one of the key challenges faced by IT Organization. Employees are the assets of any organization and organization cannot afford losing its key performers. Effective retention strategies can reduce employee turnover and increase retention within an organization. Key employees are the instrument for overall growth and development of an organization. Thus, for retaining best employees, an organization has to design appropriate strategies. The present paper is to identify the major causes for employee turnover and analyse the factors involved in retaining employees and also study the most prominent employee retention strategies adopted by the organization. For this purpose, primary data for the research is collected with the help of questionnaire and secondary data collected through books, research papers, online journals, project reports and internet. The sample of the study is 120 employees. The outcome of the study is expected to help the HR Managers of the IT Organizations in minimizing the attrition rate by developing effective retention strategies.

Other Details

Paper ID: IJSRDV6I70089
Published in: Volume : 6, Issue : 7
Publication Date: 01/10/2018
Page(s): 119-122

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