EMPLOYEE RETENTION – A MATTER OF CONCERN IN THE TEXTILE INDUSTRY OF HARYANA

Employee retention is an important aspect of the growth of the organisation. Retention can be increased by various factors such as Career Development, Communication, Rewards/Recognition, Job Satisfaction, etc. So the purpose of this study is to find the association between various factors and employee retention among 151 participants from the textile industry of Haryana. The study factors are Career Development, Communication, Rewards/Recognition, Job Satisfaction, Work-life Balance, and Training and Development. The collected data has been analyzed by Cronbach’s Alpha and the Pearson Correlation Method for the relationship between the variables. Job Satisfaction has the highest association with Employee Retention and the least association is with work-life balance. After completing this research the following policies are included in the organisation to increase engagement and ultimately Employee Retention which is flexible working hours, more communication between management and employees, rewards and recognition according to employee performance, etc.