ROLE OF LEADERSHIP ON EMPLOYEE RETENTION –A STUDY ON CORPORATE HOSPITALS

The study aims to link the concepts of rewards and recognition, career enhancement, performance appraisal and it empirically demonstrated the factors affecting employee retention. The study is conducted in the context of factors affecting employee retention with reference to Ramesh Hospitals in Vijayawada. Based on theoretical aspects, 200 employees were surveyed and took their opinion pertaining to retention of employees. Further Chi-Square test is used to establish the relationship between various factors and employee retention. The study shows that, rewards and recognition, career enhancement, performance appraisal is directly influence retention of employees which is proved by the results of the hypotheses testing presented in the study. Finally, the study suggested that, effective rewarded system, proper career advancement plan required for the organisation to retain the employees.