Factors Affecting Employee Retention: An Empirical Study in Indian Manufacturing Sector

Abstract

Purpose: The present study explores and identifies the main factors of retention management strategies in organizations.

Methodology: The study is based on a single cross-sectional survey. In all, 100 responses were generated from employees of a manufacturing firm in India. A selfadministered questionnaire with items related to the study dimensions was deployed for the study.

Findings: The Cronbach's alpha of the questionnaire was found to be 0.823&Pearson correlation was 0.951 (p
Practical Implications: The findings from the present study provide insights into the dynamics of employee retention, which is a major issue of concern in Indian corporate world. The results can provide inputs to companies to handle issues related to employee turnover which is seen as a serious problem in India.

Research Limitations: Due to very vast geographical expanse of India, the study was concentrated on a limited geographical region. The study was based on a limited sample. It might have suffered from a relatively small sample size related problems.

Type of Paper: Research paper.