Project on Employee Retention

9019 Words Mar 22nd, 2011 37 Pages
Chapter 1
Introduction

1.1 INTRODUCTION
In these changing times both the employee & employer are under tremendous pressure to perform. There is fierce competition not only in the industry but also across categories. This new liberalized cutting edge technology driven environment has made employee retention mind-boggling. The fast pacing change across the globe has made the new employee & employer relationship irreversible. However all corporations not only in IT sector but also traditional manufacturing sector are attempting to stem attrition. This paper attempts to unravel this paradox & study the various facets that surround this burning issue i.e. * factors that make employees stay in a organization * reasons why they leave
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This in turn helps the management to formulate suitable policy to maintain longer and more fruitful relationships with its employees.
The study is directly beneficial to the researcher in developing the ability to apply multidisciplinary concepts, tools and techniques to reach the findings of the study

1.4 Limitations of the study
The limitations of the study are the following * The data was collected through questionnaire. The responds from the respondents may not be accurate. * The sample taken for the study was only 50 and the results drawn may not be accurate. * Since the organization has strict control, it acts as another barrier for getting data. * Another difficulty was very limited time-span of the project. * Lack of experience of Researcher. * Environmental factors, such as socioeconomic status and work attendance were not controlled, and that created many variables within the research.

1.5 Research Questions
Specifically this study will address the following questions:
1. What significant causes of high staff turnover in Jindal Power Limited were determined?
2. What specific alternatives or retention strategies can be done to help lower the staff turnover in the organization?
1.6 Assumptions
The research was based on the following assumptions:
(a) all participants were utilizing the correct procedures as outlined in the guidelines for the specific methodology employed, and
(b) all participants will answer questions honestly to the

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