The Impact Of Some Contributing Factors For Employee Retention In Indian IT Sector – A Study On Select IT Companies
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 9
Abstract
Employee Retention is always a key factor and the biggest challenge that has got multi facet way of dealing within the organisations based on strategies that are followed by the organisations. There are certain factors identified to study how well they do contribute in the IT organisations to retain the employees. This study is a comparative study in between two top IT organisations viz., TCS and CTS that have got global presence in serving customers by establishing global offices across the world. TCS focus more on employee monetary benefits to protect their employees but CTS being an American based company focus more on other fringe benefits to retain their potential employees. But still both organisations pose annually around 13% to 14% attrition of their IT professionals.This study focuses on contributing factors like., Size of the Organisation, Career Progression, Promotion Opportunitism, Employee Career Related Reasons etc. This study aims to test the relationship between Contributing Factors and Employee Retention. The study was conducted in Bangalore, India with 442 IT professionals in both TCS and CTS. To test the hypothesis Chi – Square, Two way ANOVA and for internal consistency, reliability of the factors is conducted by using Multi collinearity. The results of this study indicates that the relationship between contributing factors and employee retention for formulating strategies in IT organisations. This study contributes the understanding of the contributing factors as an important factor to knit the strategies in IT organisations.
Authors and Affiliations
j Sucharitha, prof. G. V. Chalam
Keywords
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