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Employement Retention

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Employement Retention
IRJC
International Journal of Marketing, Financial Services & Management Research Vol.1 Issue 9, September 2012, ISSN 2277 3622

A STUDY ON EMPLOYEE RETENTION AMONG EXECUTIVES AT BGR ENERGY SYSTEMS LTD, CHENNAI
DR. R. AKILA*
*Professor, Department of Management Studies, Jeppiaar Engineering College, Rajiv Gandhi Salai, Chennai, Tamilnadu – 600119.

ABSTRACT The employee retention program at BGR Energy consists of only basic daily needs of the employee. Employees are found to be dissatisfied with it. This is found to be the threatening factor for higher employee turnover rate. To study the opinion of executives on employee retention attributes at BGR Energy a sample of 109 respondents from executives’ cadre using descriptive research design under convenience study. The questionnaire forms the basic source of primary data, while secondary data was collected through books and through online journals, magazines, project report. The data collected was analyzed using ANOVA, Rank correlation, Weighted Average Method, Regression, Chi square and Percentage Analysis. The analysis on the collected data revealed that the Employees have given highest weighting to comfortableness in working hours and are not satisfied with annual increments provided. Gender has significant relationship with work life balance. Correlation between job satisfaction and working condition leads to employee retention. The departments also have influence on it. The factors that had a greater influence on employee retention were career opportunities, work life balance and recognition at BGR Energy. KEYWORDS: Employee Retention, BGR Energy, Career opportunities, Job satisfaction. ______________________________________________________________________________ INTRODUCTION 1. EMPLOYEE RETENTION Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project. Employee retention is beneficial for


Bibliography: BOOKS REFERRED  Carsen A.J., HR How To: Employee Retention, CCH Knowledge point publication(2005), Pg no.10-12,17  Kothari C.R, Research Methodology Methods and Techniques, Second Edition, New Age International Publishers, (2008), Pg no. 37 – 39.  Phillips J.J., Connell A.O,“Managing employee retention: a strategic accountability approach”Elsevier Butterworth Heinmann Publication(2003), Pg no.232 WEBSITES REFERRED  http://www.scribd.com/doc/18051091/Project-Report  http://www.indiainbusiness.nic.in/industry-infrastructure/infrastructure/power.htm  http://www.indiainbusiness.nic.in/industry-infrastructure/industrial-sectors/oil-gas.htm  http://answers.yahoo.com/question/index?qid=20070723120306AAFz76x  http://www.moneycontrol.com/competition/bgrenergysystems/comparison/BES  www.bgrcorp.com 32 www.indianresearchjournals.com
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