Journal Press India®

Retention Factors Analysis: A Comparative Study of Textile Industries in Ahmedabad Region

Vol 22 , Issue 1 , January - June 2021 | Pages: 51-61 | Research Paper  

https://doi.org/10.51768/dbr.v22i1.221202104


Author Details ( * ) denotes Corresponding author

1. Rana Singh, Vice Chancellor, Sanskriti University, Mathura, Uttar Pradesh, India (dr.ranasingh@gmail.com)
2. * Garima Bansal, Research Scholar, Department of HRM, Sanskriti University, Mathura, Uttar Pradesh, India (garimabansalab@gmail.com)

Purpose: The present study is an attempt to find out the factors which are considered by the executives while taking decision about to stay or to leave a particular organization.

Design/Methodology/Approach: Research framework and hypotheses for the study purposes has been tested by taking sample of the executives of the textile units working in Ahmedabad region. Data have been collected through structured questionnaire based on five Likert scale ranging from very high i.e. more than 80%, high i.e. 65-80% to very low (below 35%). To collect the primary data, the executives were furnished with the questionnaire online via Google Docs. Survey through Google Docs was conducted in the period of April 2019 to March 2020. Responses of 192 respondents of different textile units running in Ahmedabad region were found useful for data analysis.

Findings: In the study, it has been found that the executives decide to stay with those organizations where the policy makers of the organizations consider and give importance to different personal factors of the executives and the organizational factors related to executives like work life balance, overseas training program, job security, self-esteem, working environment, exciting and challenging job in comparison of salary, family conflict, organisation brand name, financial package and fulfilment of social needs.

Research Limitations: The study has certain limitations but those do not detract the value of study. Limitations like the entire population has not been covered, identification of personal factors those have guided different personalities cannot lend them scientific verification. The findings of the study may be expected to hold good results about the executives of textile units.

Keywords

Employee Retention, Talent Management, Turn Over Cost, Organizational Leaders.

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