Employees’ Satisfaction on Retention Management Practices
B. Balanagalakshmi1, Sukhavasi Santha Kumari2
1Dr. B. Balanagalakshmi, M.Com., MBA., M.Phil., PGDCA., PGDFM., TN-SET., Ph.D. Assistant Professor, Department of Commerce, Koneru Lakshmaiah Education Foundation Vaddeswaram, Guntur (Andhra Pradesh), India.
2Dr. Sukhavasi Santha Kumari, M.Com., MBA., M.Phil., APSET., Ph.D. Assistant Professor, Department of Commerce, Koneru Lakshmaiah Education Foundation Vaddeswaram, Guntur (Andhra Pradesh), India.
Manuscript received on 13 June 2019 | Revised Manuscript received on 09 July 2019 | Manuscript Published on 17 July 2019 | PP: 142-148 | Volume-8 Issue-1C2 May 2019 | Retrieval Number: A10260581C219/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The purpose of this paper is to identify the need .of the Employee Retention Practices to be followed in the concern to retain the talented employees in order to increase the productivity and overall organization performance. Employee retention management offers various benefits like preserving the organisation’s culture and maintaining the personal costs also low.The effective Employee Retention Management Practices consist of obtaining feedback from the employees, recognizing employees in the form of salaries and incentives, appropriate time – off and fair treatment to all. Empirical Research Design was used in this paper.Out of the total population, 200 respondents were identified to gather data using questionnaire survey method. It is found that, the facilities and amenities provided to the employees directed correlated to the retention of the employees.In this study, the level of satisfaction of employees is to be improved to reduce the cost of hiring and training new employees. The sample respondents of the study consist of employees irrespective of their cadre and age belongs to a particular Garment Company in Tirupur. The concerns should provide various amenities, facilities and required training facilities for the employees to stay in the present concern.In addition to this, the level of satisfaction of the employees should also be improved to ensure the cost effectiveness.
Keywords: Employee Retention, Employee Turnover, Absenteeism, Work Environment, Inter – Personal Relationship, Employee Perception, Level of Satisfaction.
Scope of the Article: Social Sciences