Impact of Annual Increment on Employee Turnover vis-à-vis Levels of Management

In a competitive, complex business environment organizations should focus on employee turnover because its cost is high and severely impacts the stability of business. There are many reasons for employees leaving the organization e.g., their desire for higher studies, or getting substantial hike in monetary benefits with new employers etc. The main objective of this paper is to examine the impact of annual increment on employee turnover of selected sectors of India at different levels of management.