employee retention practices
ijcrb.webs.com
DECEMBER 2011
INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
VOL 3, NO 8
LOSING YOUR BEST TALENT: EMPLOYEE RETENTION THE
DILEMMA OF TEXTILE INDUSTRY
A CASE OF TEXTILE SECTOR
Dr. Nadeem Sohail
Principal, College of Commerce, GC University Faisalabad, Pakistan
Aysha Muneer
Research Scholar, Superior University Lahore, Pakistan
Yasir Tanveer
Lecturer, College of Commerce, GC University Faisalabad, Pakistan
Hussain Tariq
Lecturer, College of Commerce, GC University Faisalabad, Pakistan
Abstract
Retention of employees is one of the most important ongoing practices of human resource management. Employee’s turnover is a major organizational menace. The problem is being faced by different organizations of almost all the countries. Organizations are trying different plans to get maximum output from employees without their involvement. Retention is one of the main factors that could help in achieving the required results. This study elaborates the retention of employees; its benefits and factors that may help to retain the best talent of the organization. Data was collected through 145 questionnaires out of which 120 were received.
The research findings prove significant relationship of career path with employee retention.
This study will help textile organizations to find out various factors effecting higher turnover and to revise their current policies for further improvements.
Keywords : Employee Retention, Career Path, Employee Involvement, Textile Sector,
Pakistan
Introduction
Pakistan has a diverse economy that includes textiles, chemicals, leather products, food processing, financial services, telecommunications, retail, automobile manufacturing, light and heavy armaments, agriculture and other industries. Textile industry is a major contributor to the national economy in terms of exports. In Asia Pakistan is on the 8th position for the export of textile products. It is the 45th largest
DECEMBER 2011
INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
VOL 3, NO 8
LOSING YOUR BEST TALENT: EMPLOYEE RETENTION THE
DILEMMA OF TEXTILE INDUSTRY
A CASE OF TEXTILE SECTOR
Dr. Nadeem Sohail
Principal, College of Commerce, GC University Faisalabad, Pakistan
Aysha Muneer
Research Scholar, Superior University Lahore, Pakistan
Yasir Tanveer
Lecturer, College of Commerce, GC University Faisalabad, Pakistan
Hussain Tariq
Lecturer, College of Commerce, GC University Faisalabad, Pakistan
Abstract
Retention of employees is one of the most important ongoing practices of human resource management. Employee’s turnover is a major organizational menace. The problem is being faced by different organizations of almost all the countries. Organizations are trying different plans to get maximum output from employees without their involvement. Retention is one of the main factors that could help in achieving the required results. This study elaborates the retention of employees; its benefits and factors that may help to retain the best talent of the organization. Data was collected through 145 questionnaires out of which 120 were received.
The research findings prove significant relationship of career path with employee retention.
This study will help textile organizations to find out various factors effecting higher turnover and to revise their current policies for further improvements.
Keywords : Employee Retention, Career Path, Employee Involvement, Textile Sector,
Pakistan
Introduction
Pakistan has a diverse economy that includes textiles, chemicals, leather products, food processing, financial services, telecommunications, retail, automobile manufacturing, light and heavy armaments, agriculture and other industries. Textile industry is a major contributor to the national economy in terms of exports. In Asia Pakistan is on the 8th position for the export of textile products. It is the 45th largest
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