Factors Influencing Retention of Manufacturing Industry Employees in Tamil Nadu and Puducherry

Abstract

The process of retaining the best human resources within a organisation is known as employee retention. Such employee retention is induced by many factors, which change from individual to individual depending upon various reasons. So, for this purpose, this study has tried to identify the factors influencing the retention of 250 employees working in different manufacturing firms in Tamil Nadu and Puducherry. For this purpose, the factors such as financial and non-financial benefits, organisation’s sense of belongingness, occupational relationships, organisational policies, professional environment, employee empowerment, work-life balance and quality of life are considered as the influencers of employee retention in this study. Collected data are analysed using reliability and validity analysis, Pearson correlation and multiple regression analysis. Pearson correlation showed that except occupational relationships and the quality of life, all other influencers are significantly associated with employee retention. Multiple regression analysis projected that the quality of life is the highest influencer and the organisational policies are the lowest inducing construct of the employee’s retention. Suggestions such as flexi-time, better pay, proper allowances, alternative work timings and employees grievance redressal are provided.

Keywords: Employees Retention, Influencers of Retention, Manufacturing Industry Workers, Tamil Nadu, Puducherry

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