Strategies to Retain Employees in Organizations: How Textile & Telecoms Deal with Their Workforce

Abstract

Training employees has been known to motivate employees and increase satisfaction levels. Facilities to upgrade their skills leads to the fact that their sense of belonging at the firm increases and the loyalty factor is further capitalized on.This is usually very critical for companies that have high-security concerns with relation to their nature of business or for those companies which have to work on severe deadlines. Furthermore a company should also be committed to train their employees positively and efficiently so that they are satisfied and this will in turn lead to their employees being motivated and stay in the company for further more years to come. The purpose of this research is how to measure or gauge the impact of HR strategies on the retention of staff in an organization. The sources from where the information will be gathered are from the current employees of the organization. Multiple linear Regression model will be used by SPSS quantitative software. Regression is used to show the impact of training and compensation on employee retention. It was seen that compensation had a significant effect on employee retention, whereas training did not.