The Impact Of Employees Retention Strategies Of Selected IT Companies In Chennai City.

Abstract

The implementation of these employee retention strategies is able to ameliorate the fierce competition in the business arena and also to offer job security and job satisfaction to the employees. Most of the IT enterprises are operated at global level and empower the employees to work in the scenarios of offshore and onshore projects. The aim of the research is to underpin and validate factors responsible for dominating the retention strategies of IT companies in the study area and to measure the impact of employee retention strategies of IT companies on the organisational development. The researcher collected 472 samples and the application of univariate and multivariate statistical techniques particularly confirmatory factor analysis and linear multiple regression analysis to obtain the impact of employee retention strategies on organisational development are found suitable for the analysis respectively. It is found that the employee retention strategies of IT companies are popular among the employees in treating them as vastly increase their perception towards loyalty of the organisation. The recruitment and selection of suitable employees and onboarding them for execute the work assignments to reach the organisation goals is one of the powerful strategies of IT companies to reach their successful organisational development.