A Study on Employee Attrition and Its Influencing Factors Relating to Employee Retention

Employee Retention refers to the techniques employed by the management to help the employees stay with the organization for a longer period of time. Employee retention strategies go a long way in motivating the employees so that they stick to the organization for the maximum time and contribute effectively. Employee Attrition refers to the proportion of employees who leave an organisation over a set period (often on a year-on-year basis), expressed as a percentage of total workforce numbers. A Descriptive research design was adopted for the study with a sample size of 50 covering the various departments of employees with the population of 300 employees. The respondents were selected based on stratified random sampling method. Instrument used for collecting the primary data was questionnaire. The feedback from the respondents was analyzed using various statistical tools such as Simple Percentage methods, chi- square test and weighted average. Tables, bar diagrams, have also been used to get a clear picture of the data collected. Major findings about the Employee Attrition and its influencing factors relating to employee retention were identified through the study. It was found that work environment and communication among employee and employee recognition is very important for employees. The major recommendations of the study include that the employees should have an opportunity for their promotion and support from supervisors.