Employee Retention Practices in IT Sector

Registration ID: IJNRD_181955

Published ID: IJNRD2207021

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Pooja Nayak, Dr. Manish Kumar Sinha, Ashish Kumar

Employee retention and employee retention practices.

Employee retention has become a significant concern for organisations globally. Any organisation cannot afford to lose its key performers since human capital is one of its most valuable assets. When an employee exits the organisation, it causes a loss of investments in terms of time and money. Therefore, it becomes important for the employer to recognize the factors that influence employees' decision-making to stay in the organisation. This paper is focused on IT sector and makes an attempt to identify the factors that contribute to an effective retention practice. For this purpose, primary data collection method was used. The data was gathered by distributing a questionnaire, to 30 employees randomly selected from different IT companies and conclusions were drawn. From the results of the study, it can be concluded that fair compensation plays a significant role in the retention of key employees. Furthermore, factors like employer and employee relationships, career advancement, adequate training and development, and organisational support all contribute to the retention of the key performers.

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Pooja Nayak, Dr. Manish Kumar Sinha, & Ashish Kumar (July-2022). Employee Retention Practices in IT Sector. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(7), 169-174. https://ijnrd.org/papers/IJNRD2207021.pdf

Volume 7 Issue 7, July-2022

Pages : 169-174

Paper Reg. ID: IJNRD_181955

Published Paper Id: IJNRD2207021

Downloads: 000122254

Research Area: Commerce

Author Type: Indian Author

Country: Prayagraj, Uttar Pradesh, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2207021.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2207021

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

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