Study on factors influencing employee retention in companies

Abstract

Employee retention refers to the ability of the organisation to retain its employees. Great businesses value dedicated workers and know how to retain them. An organisation spends huge amount of money on hiring people and training them still every year many businesses suffer from a huge loss of talent. The paper includes a survey in which 220 employees are questioned on job satisfaction. The sample includes randomly selected employees from different companies located in Delhi/NCR. The study concluded that almost all the employees felt that the company is not doing enough to retain them and they have plans to change the job if it continues. There are many ways a company suffers because of employees. The paper presents potential reasons that may compel an employee to leave a job and also the strategies that can help organisation retain its top performers.