EMPLOYEE RETENTION STRATEGIES - IN INDIAN INFORMATION TECHNOLOGY SECTOR

Employee turnover is biggest challenge for every organization. Even though all types of the organizations are technology driven, yet human resources are required to run the technology. With all round development in each and every area of the economy, there is stiff competition in the market. With this development and competition, there are lots and lots of avenues and opportunities available in the hands of the human resources. Nowadays the biggest challenge of organizations is not only managing its employees but also retaining its talented employees. Indian IT sector; which is one of major contributors to the economy is also affected by the problem of employee retention. In order to address the issue of employee retention, companies adopt some retention strategies. In this paper, we will find out the retention strategies being followed in Indian IT sector. Primary data is collected from five IT companies i.e. Wipro, Infosys, HCL, Accenture and TCS, of Indian IT sector. The suitable statistical tools are used to draw the conclusion. The study can serve a great deal for HR departments of Indian IT sector in order to reduce attrition