A Study on Factors Influencing Employee Retention in Higher Educational Institution
Keywords:
Employee retention, potential for career growth, employee empowermentAbstract
Employee retention is the general system or talent of an association to hold its productive workers and subsequently keep up a lower turnover. Employee retention should be one of the limelight areas of the human resources department in any institution. Educational institutions spends a lot on attracting the best talent employees. These employees contribute a lot towards the success of an organization. The employees who stay with an institution for longer time contribute efficiently and become integral part of an institution and the position. This study is aiming at investigating the influencing factors and its effect on employee retention in higher educational institution. sample size of the study was 130. Primary and secondary data are used to attain the determined objectives. Questionnaire is used to collected Primary data from the respondents. The collected data is analyzed using multivariate regression analysis. According to the descriptive analysis of this study employees are highly influenced with potential for career growth factors and employees are less influenced with job security and work life balance factors in higher educational institution in Thanjavur district. Furthermore, the multivariate regression analysis also indicated that employee empowerment, employee training, employee compensation, employee commitment, performance appraisal, work life balance , potential for career growth and job security factors selected for the study has positive and significant influence on employee retention.
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