A study on factors influencing employee retention with special reference to select it companies in chennai metro

Abstract

Retention of employees has become a major challenging task faced by all the companies globally The key performance employees are the important assets of any organization and the companies cannot afford to lose the employees Many organizations have realized that it would be productive to retain the existing employees rather finding the new employees and spending higher amount on training and development part to equip them to meet the requirement of the organization The organizations are striving and investing to retain the talented employees by designing and implementing effective retention strategies In this research study the researcher made an attempt to identify the various factors influencing the retention of employees in the modern era with reference to IT companies operating at Chennai Apart from that an effort has been made by the researcher to study the opinion of employees in the existing retention strategies followed and various problems faced by the employees in the IT Sector Chennai one of the major IT hubs in India was identified as the area of the study Majority of IT companies are operating from Chennai and they are catering to the needs of domestic as well as requirement of foreign nations newline