ipl-logo

Literature Review: Employee Retention In IT Industry

3096 Words13 Pages

Term Paper

Employee Retention In IT Industry

Submitted by:- Deepti Sangal A3906413295 BBA (G) C-08

Research objective

• To know what are the reasons of employees for leaving the organization.
• To validate weather compensation is the central aspect behind employee retention or any other reason.
• To study which are the factor which cause employee turnover.
• To study what are the methods which are adopted to retain people.

Literature review
Retention is an obscure notion & there would be not any single recipe for observance employees with a company. Employees who are satisfied have …show more content…

• They have also introduced a method named a fast track career path especially for high performers. They are hoping to bring down the retention significantly with all their best efforts.
• Managers feels that that their method which is periodical promotion may be a very striking for a sales person and can an increase R&D budget a better option for a data scientist.
• Infosys is the first company to offer ESOPs to its employee .the company followed patchy compensation structure where the employees’ compensation is totally depends on the performance of individual, the team and company.
• Infosys has recently launched “Pathfinder,” which is again a career movement agenda for the workforce. The management opinion is try their best to provide employees with internship programs to test waters across different career streams available inside, move around according to their aptitude.
Retention strategies of Infosys:
• Infosys is trying the best to give them incentives timely, premium, family support allowance, …show more content…

• A positive environment should be there.
• The employee must be evaluated and recognize each and every superior work they do.
• The employee must be motivated to embrace change.
• If changes are made to the software or
Module is completed and then adequate training should be given.
• Develop a value for employees on strike.
• Be flexible in terms of work-life balance

In my opinion strategies and methods of retention are better than Infosys HCL, because in Infosys, they tried to introduce new methods like; quarterly cycle promotion, accelerated career retain employees. While in HCL their strategies are not so innovative that their employees stay longer in the organization.

Conclusion
It is observed that the company should aim to germination effective policies and practices that employee’s retention increases the level of employee engagement, loyalty and commitment. Employee engagement and participation has an impact on employee retention. Association aims to design integrated approach to employee retention, which includes the best conservation strategies such as organizational culture, pretty package for economic compensation, non-monetary motivation and effective employee development programs to reach spirited advantage in business

Show More
Related

  • Patient Retention In Healthcare Organizations

    1162 Words  | 5 Pages

    Healthcare organizations (HCOs) face a number of difficulties within its organization each day, including patient acquisition and patient retention. It is commonly believed that getting individuals to their healthcare facility is the most challenging aspect that HCOs face. Of course, new patient acquisition could be a challenge without an efficient marketing strategy, but the challenge does not stop there. One of the biggest challenges for many practices today is maintaining a high patient retention rate. Pushing a patient from a one-time-visitor to becoming a frequent visitor of a specific healthcare organization involves much more effort than expected.

    Read More

  • Hrm 531 Week 2 Individual Assignment

    986 Words  | 4 Pages

    Study results showed increased employee satisfaction and a reduction in employee turnover rate. (Brunges, M., & Foley-Brinza, C.,

    Read More

  • Nursing Leadership Theory Paper

    859 Words  | 4 Pages

    (2013) also explains that staff retention is associated with communication and

    Read More

  • Essay On The Importance Of Staff Retention

    924 Words  | 4 Pages

    These empowering features in the workplace will potentially promote job satisfaction, create greater productivity, and most importantly promote retention of valuable employees. The key to retention is creating and keeping an environment where all of the generations feel welcome and valued. There have four important things to staff retention in organizational is relationships, value, eengagement and health care organization policies. 2.1 Relationship The important of staff retention is relationship with manager.

    Read More

  • Legislation Policies And Procedures In Health And Social Care Essay

    1078 Words  | 5 Pages

    Assignment: Outline how legislation, policies and procedures relating to health, safety and security influence health and social care settings. Go on to describe how those legislation, policies and procedures promote the safety of individuals in your health or social care setting. Policies, procedures and legislation are found in every establishment. They are required to have them in place in order to protect and keep the employers, employees and service users safe. Legislations in an establishment are a groups of laws set by the government that must be followed otherwise an individual will be prosecuted.

    Read More

  • Performance Philosophy Vs Entitlement

    1746 Words  | 7 Pages

    A performance-oriented philosophy is followed; no one is guaranteed compensation just for adding another year to organisational service. Instead, pay and incentives are based on performance differences among employees. Employees who perform well get larger compensation increases; those who do not perform satisfactorily receive little or no increase in compensation. Thus, employees who perform satisfactorily should keep up or advance in relation to a broad view of the labour market for their jobs, whereas poor or marginal performers should fall

    Read More

  • The SAS Institute Case Study: Organizational Citizenship Behaviors

    826 Words  | 4 Pages

    On completion of the case study about the SAS Institute, I stormed across these four factors; Job performances, organizational citizenship, Absenteeism, Turnover. According to the case study, these four factors have proven to have the strongest influences over work behaviors. Furthermore, the approaches the leadership of the SAS institute takes towards them, I believe, have been the essence of their success. Their approach is unique and is likely not what employees are a to in the contemporary firms and different places of work, it is, ‘’the value they have towards people’’

    Read More

  • Importance Of Employee Recognition

    825 Words  | 4 Pages

    EMPLOYEE RECOGNITION Employee recognition is the timely, informal or formal acknowledgement of a person’s or team’s behavior, effort or business result that supports the organization’s goals and values, and which has clearly been beyond normal expectations. Appreciation is a fundamental human need. Employees respond to appreciation expressed through recognition of their good work because it confirms their work is valued. When employees and their work are valued, their satisfaction and productivity rises, and they are motivated to maintain or improve their good work.

    Read More

  • Principle Centered Leadership Summary

    1912 Words  | 8 Pages

    • Remove barriers that rob hourly workers, as well as management, of their right to pride of workmanship. Allow everyone to take the pride in workplace and comparing them with others. 13. • Institute a vigorous program of education and self-improvement for everyone. Employees must be up-to-date with the current situations in the market and prevailing trends.

    Read More

  • Herzberg Two-Factor Theory

    4219 Words  | 17 Pages

    This section reviews theories on employee retention. 2.2.1 Herzberg Two Factor Theory Frederick Herzberg (1959) two-factor theory is also known as the motivation-hygiene or the dual-factor theory. Herzberg’s theory states that certain factors in the organization related to the contentment of the job which provides satisfying experience for employees while separate set of hygiene factors cause dissatisfaction among employees in the workplace. The former factors are called motivators or satisfiers and include achievement, recognition, the work itself, responsibility, opportunity to do something meaningful, sense of importance, advancement and growth while the former factors are known as hygiene factors such as job security, fringe benefits, salary paid

    Read More

  • Tesla Motivation And Motivation

    821 Words  | 4 Pages

    Organisations have long struggled to retain employees without pouring in too many resources into incentives, however there are many other factors that influence the motivation for an employee to work for an organisation. The following factors are very important to retaining employees: ➔ Vision and Mission: Each organisation has a vision set by its leaders, a ground basis on which it stands for. This vision is the key for driving innovation, research and development for the company. Vision is also the driving force and motivation for its employees, to push their limits and to outperform the competition.

    Read More

  • Environmental Influences An Organization Face

    918 Words  | 4 Pages

    Resources could be anything from raw materials, skilled workers, or capital to finance the company. A clothing manufacturer cannot produce products if it does not receive the materials to make the clothing, skilled workers to run the machines, or the finances to pay the workers. These can have a positive or a negative influence on a company because these things are required for the success of the company. Another negative impact could result from the high demand for skilled workers because there will be more competition to attract those workers. Describe four steps involved when setting up an employee training program for a specific job:

    Read More

  • Executive Summary: The Reasons Of Employee Retention?

    735 Words  | 3 Pages

    Create a comfortable and healthful environment. Employee retention is significant for the lengthy-time period, development and success of the corporations. So, eventually if we truly respect, appreciate, and treat the staff proper we can never lose them. Employee retention could be very beneficiary for the organization as well as the worker. It is the sole responsibility of the management to keep the best expertise.

    Read More

  • Literature Review On Employee Performance

    1158 Words  | 5 Pages

    1.4.1 Literature Review HRM practices are a process of engaging, motivating, and maintaining employees to ensure the organizational survival (Schuler and Jackson, 1987). According to (Delery and Doty, 1996) HRM practices are prepared and implemented in a way that human capital plays important role in achieving the goals and objectives of the organization. The appropriate use of HRM practices strongly influence the standard of employer and the degree of employee commitment (Purcell, 2003). HRM practices like, training and development, performance appraisal allow the employees to do better in order to enhance the organizational performance (Snell and Dean, 1992; Pfeffer, 1998).

    Read More

  • Hcp In Healthcare

    1356 Words  | 6 Pages

    It could be applied for retaining an ageing workforce to promote continuity of care, and retain more experienced HCP in the workforce. The experienced HCP would act as role model among young HCP, and pass their knowledge and skills to them and subsequently improve the quality of healthcare services. They would decide to stay in the organization because of familiarize of working culture and appreciated, and they might not be able to get high salaries in other organizations due to high competition. However, more money does not indicate higher motivation. Therefore, additional retention strategies for HCP should be

    Read More

More about Literature Review: Employee Retention In IT Industry

Open Document