A Study on Employee Retention with Special Reference at Allied Investments & Housing Pvt. Limited, Chennai

Abstract

Construction companies are one of the main supporting pillars of the Indian economy in terms of business. It stands in the second place for the growth of India. Though the construction companies supports other industries like iron and steel, paint, cement etc, one of the greatest challenges posed in front of construction companies are retaining well-seasoned employees who will be ensuring its future survival through continuous, prolonged, and experienced service. The objective of the study is to analyse the factors that influence the retention strategy in the organisation and to identify the individual factors that stimulate employees to leave the organisation and to examine the required conditions to retain the employees. The study is a descriptive research where the primary data is collected through questionnaire under non-probability sampling method. From the findings of the study it is evident that the employees are not satisfied with the compensation benefits and work environment. The company can bring in new reforms to provide better compensation, conducive environment to work and proper job rotation to motivate employees and retain them in the organisation.