Asian Journal of Research in Social Sciences and Humanities
  • Year: 2016
  • Volume: 6
  • Issue: 9

A Study on Talent Management Practices and its Impact on Employee Retention in It Industry in Chennai District

*Assistant Professor, Department of Management Studies, MNMJEC, Chennai, India

**Professor, Alliance University, Bangalore, India

***Professor, Department of MBA, K.S. Rangasamy college of Technology (Autonomous), Tiruchengode-637215, Namakkal Dt., Tamil Nadu

Abstract

The paper aims at understanding the Talent Management Practices followed in IT Industry and how it influences retaining of Employees. Retaining of Talented employees has become a critical issue for the IT Industry, as it is knowledge based. Human capital plays a very important role and hence the present study aims at practices to retain them. The study also attempts to analyze various factors contributing to Talent retention. A well-structured questionnaire measures the responses and majority of the respondents are star performers. The Questionnaire has been validated to examine the relationship between various factors. Total numbers of respondents were 500. The Cronbach alpha indicated in the column Reliability Co-efficient for all the factors taken for study exceeds 0.7 which indicates strong internal consistency among the variables. T-test and ANOVA are used in the study to test the equality among each demographic variable. Confirmatory Factor analysis is used to test the components of Talent Development and Retention Practices.

Keywords

Talent Management, Development, Employee Engagement, Employee Retention