Foremost Influential Factors of Female Employee Retention Strategies In Chennai It IndustryJournal: International Journal of Mechanical and Production Engineering Research and Development (IJMPERD ) (Vol.10, No. 3)
Publication Date: 2020-06-30
Authors : A. Nafeesa Begum; G. Brindha;
Page : 1933-1938
Keywords : Women Talent; Retention; Attrition; Factors Influencing & IT Industry;
In a competitive business climate, retaining key employees is vital for the health of the company. But when these key employees are women, many corporations and industries continue to be befuddled as to how to retain this valuable cohort. Indeed, it's surprising how many supposedly modern institutions are caught in a time-warp. Unfair compensation, gender imbalance in senior management positions, inflexible schedules and even active discouragement of female employees continue to plague companies large and small. The good news is, a few simple steps can vastly improve conditions for female employees. And the benefits of maintaining a women-friendly environment far outweigh the costs. Retaining employees male or female, is just good business sense when you consider both the obvious and hidden costs of a high rate of employee turnover. One of the more obvious steps is fair compensation. It should go without saying that, after years of being treated as second-class employees, women first and foremost want to feel as equally valued as their male counterparts. Fair wages are just a start. Fair compensation should also include bonuses and benefits. And women don't want to feel like they will be punished for wanting a work/life balance. The lack of a flexible schedule is cited as the number one reason employees leave for other jobs, so companies should ensure they are able to accommodate their workers' need to spend time with family or on other projects. Telecommuting, a compressed work week, collaborative scheduling and self-scheduling can all factor into employee happiness and job satisfaction. Maternity benefits, childcare, and maternity leave should be included in employment packages. Women who have temporarily left the workforce are also valuable tools in retention box. Hence by considering the below essential and inevitable factors can retain the women brains in the IT industry to accomplish the victory in the competitive era.
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