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A STUDY OF FACTOR INFLUENCING THE EMPLOYEE ATTRITION “SPECIAL REFERENCE OF HIGHER EDUCATION”

Dr. Neel Kumar Singh Dr. Kavita Dive Dr. Arachana Dubey

Abstract


Abstract:- Employee retention strategy includes various measures to ensure an employee stays in an organization for the maximum period of time and feeling themselves as a part of an organization and refers to policies and practices used to prevent valuable employees from leaving their jobs. The study explores to identify the main factors of retention management strategies in organizations. The data was collected with the help of a well-structured questionnaire from 120 employees working in an organization. This study has recognized that some of the factors do affect the employee retention. These factors have a substantial role to play in making employee stay i.e. salary, rewards, and recognition, compensation, retirement benefits plan, promotion, involvement in decision making and in designing retention strategies. In order to rectify the above shortcoming allowing employees to participate in decision-making and in designing retention strategies can be one of the non-financial incentives.

Keyword:-  Attrition, Job satisfaction, retention, cost, and benefit.


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References


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