Determinants of Employee Retention: An Evidence from Pakistan

Abstract

Employee retention is one of the biggest challenges for today's managers and organization. It involves taking actions to motivate employees to stay in the organization for a longer period of time. Employees keep on looking for better work place and environment. While on the other side, employers use new tactics to retain best talent due to rigorous competition. In order to save turnover cost, the focal point of organizations has been shifted from turnover to retention. To compel people to stay in any organization, various factors are identified through research that includes environmental, motivational and succession planning. This research will indicate the effectiveness of retention strategies that the organizations use to retain people. It is conducted directly from employees to investigate the elements that make them committed to their organizations. An effort is made to discover the effectiveness of the retention strategies in Pakistani organizations and that how practical they are to retain people. The results of this research study have shown that employee retention is highly dependent and correlated with all the independent variables identified in this study.