Identifying And Analyzing Factors Influencing The Turnover Rate In Selected IT Companies

Abstract

This study explores the factors determining the employee turnover in the Information Technology (IT) industry, with a focus on major companies like Tata Consultancy Services Limited, Tech Mahindra, Wipro Tech Limited, Infosys, C-DOT, ITI, Rail TEL, and MTNL. The diverse 452 sample respondents, representing various demographics and organizational roles, provide valuable insights into turnover dynamics through questionnaire survey. Key findings reveal the paramount influence of Individual job satisfaction, emphasizing the need to prioritize employee well-being, career growth opportunities, and competitive compensation. Organizational Factors, including performance evaluation and leadership style, also play crucial roles. Hypothesis testing suggests a uniformity in turn over factors across the studied companies. The study highlights the importance of addressing personal, external, job-related, organizational, and social and environmental responsibility factors for effective retention strategies.