Employee retention in Indian Textile Industry: A study on Grasim Bhiwani Textile Limited

Effective employee retention is a systematic effort by employers to create and foster an environment that encourages current employees to remain employed, by having policies and practices in place that address their diverse needs. A strong retention strategy, therefore, becomes a powerful recruitment tool. Retention of key employees is critical to the long-term health and success of any organization. It is a known fact that retaining the best employees ensures customer satisfaction, satisfied colleagues and reporting staff, effective succession planning, and deeply embedded organizational knowledge and learning. This study provides an overview of why the number of employees leaving the GBTL has increased from past few years and how important is the various facilities such as Housing, Medical, salary, Rewards, Incentives, Training linked to various demographic factors considered in the questionnaire & also analyzed on how the workplace climate can be improved further. 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. The research finding gives significant relationship of career path with employee retention. This study will help textile industry to find out various factors effecting higher turnover and to revise their current policies for further improvements.