International Journal of Research in IT and Management
  • Year: 2016
  • Volume: 6
  • Issue: 12

A study on compensation management and its importance for employee retention in IT industry in India

  • Author:
  • Sanjeevani Gangwani1, Khushbu Dubey2, Pooja Dasgupta3
  • Total Page Count: 8
  • Page Number: 37 to 44

1Professor, Medicaps Institute of Management, Indore

2Asst. Professor, Indore Institute of Law, Indore

3Asst. Professor, Indore Institute of Law, Indore

Online published on 12 May, 2017.

Abstract

The purpose of this study was to investigate the organizational factors impacting on employee retention in IT industries in India. The population for the study included 500 employees. According to Hebenstreit (2008: 4) employee retention is a significant concern and expense for every organization, with the expense of recruiting and retaining a new worker costing anywhere from half to 200% of the departing employee's annual salary.

Keywords

Compensation, Employee Retention, Productivity