A Study on the Importance of Retention Strategies Influencing Employee Retention at IT Industry Using Structural Equation Model (SEM)

Talent is the critical factor for every organization. Managing the talent pool is the most intricate area of any organization. The challenge lies in identifying, attracting, developing and retaining the talents is an important part of any management. Once it is realized and talents are retained, the organization starts to have its journey towards its success path. But in reality most organizations fail to recognize and understand the essential factors that facilitate them to spot the talents in their organizations. Though there are several reasons, one is as follows: "The people are very different in this regard, and hence company needs little work and analysis for determining the non-cash interest and preferences of key personnel, and then try to answer these definitions in action. In this context, companies have to dig new approaches to retain the most effective work force. In order to achieve their task of retaining the talents most organizations closely look at many of the strategies of conservation organizations. Strategies are seems to be competitive and several companies do their best possible to prevent employees their moving to their competitors. The retention is successfully done after due analysis of the critical factors that force the talent to leave the organization. It is purely a tricky task on the part of the organization. This paper aims in analyzing the main criteria for employee retention. The researcher has used Factor analysis, Structural Equation Model (SEM) for analysis.