A Study on Factors Determing Employee Retention and its Impact on Job Satisfaction in Dharani Sugars and Chemicals Ltd at Vasudevanallur
Keywords:
Employee Retention, Hiring, Job satisfactionAbstract
Employee Retention plays a crucial role in determining the long-term health and success of any firm. Failure to retain the best employees may lead to costly propositions for the organization. Recruiting knowledgeable candidates for the job is essential, but retaining them is even more important than recruiting. The study involves the factors affecting employee retention and the measures adapted by the management to improvise it. It further analyzes the employees’ satisfaction towards organization’s efforts in retention strategies. The study being descriptive in nature which comprised of hundred respondents, stratified random sampling of probability method was used. The data collected were examined using Chi- Square, Weighted Average and Percentage analysis. From the collected data it was revealed that the majority of employees were highly satisfied in maintaining good relationship with the management. Few suggestions are provided to the management to increase the retention of employees in the organization. To explain the topic better, Dharani Sugars and Chemicals Ltd at Vasudevanallur was chosen as an example.
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