A STUDY ON THE MARINE ENGINEERS RETENTION STRATEGY BY THE SHIPPING COMPANIES IN INDIA

Employee Retention involves taking measures to encourage employees to remain in the organization for the maximum period of time. Ship manning companies are facing a lot of problems in sea staff retention these days. Hiring knowledgeable and experienced officers are essential for a shipping company. But retention is even more important than hiring. There is no dearth of opportunities for a talented person. There are many organizations which are looking for such employees. If a person is not satisfied by the job he is doing, he may switch over to some other more suitable job. In today's environment it becomes very important for organizations to retain their employees. Shipping is considered as one of the important modes of transporting goods to countries far and across. Ships make the shipping business going satisfying the various needs of the customers across the globe. Sea staff plays a very important role in the safe movement of these ships from one place to another. Thus, it becomes necessary to analyse the retention of sea staff at sea in modern day shipping activities with full of stringent regulations and requirements at work atmosphere and to get a clear picture of the shipping sector in the near future.