Main Article Content
Abstract
The main intention of this research paper is to understand the factors that help to retain employees in the various organizations pertaining to the IT industrywhile framing strategies for cost-cutting measures. Such retention factors taken for the study includes employee loyalty towards the organizations, conducive work environment, training provided for career development,performance appraisal and compensation.It is an essential part of any organization to have a detailed understanding on these factors for the survival and success of the organization. For the purpose of this research100 respondents were included in the study. Professionals across twentyIT organizations in Chennai were chosen as respondents.Data was collected using a well-structured questionnaire and analysed by using SPSS software to better understand the relationship existing between employee retention and the five factors included in the study. The research study portrays that the rate of employee retention in organizations is highly influenced by these five factors. The results of the study explained that loyalty that an employee possesses upon the organization has more significance and influences the retention rate of the professional in the IT companies.