Employee retention- A real time challenges in Indian IT sector - Review paper

Employee retention is most serious issue facing Indian IT sector due to shortage of skilled labour, economic growth and employee turnover. It is not only important to have the best and the most talented employees but it is equally necessary to be able to retain them for long period of time. There are many factors which affects the retention of employee. Today global explosion in business creates more opportunities and people are highly mobile not restricting to particular job. Human resources are the life-blood of any organization. Even though most of the organizations are now a days, found to be technology driven, yet human resources are required to run the technology. They are the most vital and dynamic resources of any organization. The recommendations mentioned include the need for norms on working hours, role models at the workplace, flexi work hours and arrangements, effective talent acquisition and training practices. Employee career advance aspects or promotion opportunities have significant relation with employee retention. The review of literature suggests that good retention is about more than what a company does once an employee has been hired and established within an organization.