1Student, Department of Business Administration, V.R. Institute of PG Studies, Nellore, Andhra Pradesh, India
2Assistant Professor, Dept. of Computer Science & Applications, V.R. Institute of PG Studies, Nellore, Andhra Pradesh, India
3Assistant Professor and HOD of Comp. Science & Applications, V.R. Institute of PG Studies, Nellore, Andhra Pradesh, India
4Director, Shubh Soft Solutions Pvt Ltd., Level 14, Concorde Towers, UB City, 1 Vittal Mallya Road, Bangalore, India
Online published on 21 November, 2017.
The quantification method has been developed to empower the decision making process of measuring satisfaction in retaining the employees in corporate companies to reduce the attrition rate. The “Satisfaction factor” which forms the basis for evaluating employee satisfaction is computed on the survey performed. The case studies have been performed on several employees with a special focus on IT industry. The evaluated Satisfaction Factor is proven to be a useful tool to take necessary measures for improving the employee satisfaction to reduce the attrition rate further. The paper highlights the superiority of the developed “Satisfaction Factor” over traditional methods. The paper also focuses on improving the credibility of the company among the employees
Quantification, Employee Satisfaction, Satisfaction Factor, Attrition Rate, IT Industry
