INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
A Study on Role of Retention Strategies in Employee's Performance with Special reference to T&I Projects Limited
Authors Name:
PRAVEEN KUMAR R
, RAMESH KANNA M
Unique Id:
IJSDR2008016
Published In:
Volume 5 Issue 8, August-2020
Abstract:
Retention strategies is the most important factor which highly influences the organization’s Performance and Productivity. Long term health and success of any organization depends upon the retention of key employees. Hence this study was carried out to investigate the how retention strategies plays a vital role among the employees of T & I projects ltd. According to Maertz & Campion (1998) stated “relatively less turnover research has focused specifically on how an employee decides to remain with an organization and what determines this attachment retention process should be studied along with quitting processes. Organization are facing the challenge of employee retention due to increased competition in the market. It is crucial for organization to hire competent employees to gain a competitive advantage in the market. However, retaining competent employee is more important than hiring. The decision of an employee to stay in the organization is effected by number of factors depending on a various elements like age ,family situation, career and learning opportunities, mentoring and the external job market. Talented employees are asset of an organization .Retaining them is highly important for the long term growth of the organization, but the retention of employees has become the major problem in many of the organization. The cost of hiring new employee varies and it incudes a wide variety of expenses such as advertisements ,recruiter’s salaries and reimbursements of candidates’ expenses. Casual research design was adopted in this study. Totally 120 randomly selected employees from various departments has been selected as respondents to fill the questionnaire for this study. Findings of this study are only related to the employees of T & I projects ltd.
Keywords:
Employee Performance Retention strategies Human Resource
Cite Article:
"A Study on Role of Retention Strategies in Employee's Performance with Special reference to T&I Projects Limited", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.5, Issue 8, page no.119 - 125, August-2020, Available :http://www.ijsdr.org/papers/IJSDR2008016.pdf
Downloads:
000337072
Publication Details:
Published Paper ID: IJSDR2008016
Registration ID:192267
Published In: Volume 5 Issue 8, August-2020
DOI (Digital Object Identifier):
Page No: 119 - 125
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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