Study on Factors Influencing Employee Retention among the Employee of Fashion Institutes in Mumbai

Abstract

Fashion Designing colleges experienced faculty/staff are always in demand. It becomes difficult for the colleges to retain their experienced staff. This study was conducted to know the impact of the various policies like Training and Appraisal Policy, Reward policy etc. on employees’ retention. Specific objectives of the study cover the measurement of employee’s satisfaction with respect to the Training and Appraisal systems prevalent in the organization and how it impacts retention of employees. The study population was from various fashion institutes of Mumbai. The study reveals that the staff performance is greatly affected by the Training and Appraisal system, Reward system and career growth opportunities in the Fashion designing colleges. Researcher recommends improving all these policies in order to increase the overall satisfaction of employees which in turn will lead to increased employee retention.