A Study On Employee Retention Practices and Its Effectiveness In IT Sector

Title

A Study On Employee Retention Practices and Its Effectiveness In IT Sector

Creator

Antony Neenu

Description

This project is done on human resource management topic in the area of A study on employee retention practices and its effectiveness in IT sector. The most challenging job for any present manager is to retain their employees. Employee retention involves taking measures to encourage employees to remain in the organization for the maximum period of time. Corporate is facing a lot of problem in employee retention these days. Hiring knowledgeable people for the job is essential for an employer. Employee recruitment and retention are one of the major issues facing the IT Sector. But retention is even more important than hiring. There is no end of opportunities for talented person. There is ample number of choice around employees. In olden days salary was all that matters, but today its just one among the components. Some of the other elements are like work environment, relationship, freedom to work etc. Due to high level of attrition it is important to know whether the employees are satisfied with their job and organization, if not the reason for leaving. This project will specify the effectiveness of various retention practices used retain the employees. The study also include various trends of practice followed by the organizations and its effect on the problem of attrition. Retention is a top business priority for more than one third of the organizations. More than one third of HR professionals in IT Sector views retention as one of their pressing issues. It is not very often that the management would be aware of the true reason as to why an employee would be leaving their organization. To be successful in knowing the reason, an effective exit interview procedure is very essential. This would help the organization to an extent to get a clear picture of what is going wrong.

Source

Management

Date

2010