Decoding the Alchemy of Employee Retention

Abstract

The ability of a company to retain its staff is referred to as employee retention. It may also be referred to as a decrease in employee attrition or employee turnover rate. Employee retention is one such mechanism which ensures that the human capital stays with the organisation for a longer duration. The study focusses on identifying the drivers of employee retention in the manufacturing industry with respect to certain factors such as mentoring, career development, work environment, job autonomy, and compensation. This research has used the descriptive research design with some elements of exploratory research design. The sample size for the study was 122. Primary data has been collected with the help of a pre-validated questionnaire with multiple-choice closed-ended questions on a five-point Likert scale. The collected data was analysed using Excel and SPSS with statistical tools like T-test, ANOVA, multiple linear regression, etc. A direct positive relation has been found between mentoring, work environment and compensation, and the employees' intention to stay.