Identifying and Analyzing Key Determinants of Employee Retention: A Study on Organisational Factors
Author : Divya Sree NS and Dr. S Maruthavijayan
Abstract :
Employee retention is an integral part of human resource management that aims to keep a stable and motivated staff within an organization. It consists of applying policies and strategies to encourage employees to stay with the organization for an extended duration. Keeping competent employees not only minimizes recruitment and training costs but also maximizes organisational productivity, morale, and performance as a whole. The employee retention study analyses several factors that drive employees stay decisions, including job satisfaction, compensation, career development possibilities, work-life balance, organizational culture, and leadership style. The study also determines some of the challenges organizations may experience when trying to retain high-skilled employees in a competitive labour market. Analytically and descriptively, the research investigates best retention practices such as recognition programs, flexible work conditions, and open communication. The results highlight employee engagement and a healthy work environment as the premier factors for retention in the long run. The research concludes that strategic employee retention makes an important contribution towards organizational prosperity and longevity. The study concludes that a strategic approach to employee retention contributes significantly to organizational success, sustainability, and competitive advantage by foreseeing loyalty, trust, and commitment among employees.
Keywords :
Employee retention, job satisfaction, organizational commitment, motivation, work environment, career development, human resource management, employee engagement, loyalty, productivity.
