Exploring the Factors Affecting Employee Retention in the Information Technology Sector: Demographic Perspective

N Bargavi (), Abhishek Shrivastava (), Abhi0426@yahoo.com (), Rashmi Gupta (), Deepti () and Skanda Mg ()

SPAST Reports, 2024, vol. 1, issue 1

Abstract: Employee Retention (ER) is an indispensable agenda for organizations operating in the extremely competitiveInformation Technology (IT) sector. This study investigates the multifaceted challenges associated with ERwithin the IT industry, emphasizing the need for customized strategies to motivate employees and cultivatetheir enduring commitment to organizations. The capability to retain highly skilled employees is critical formanaging talent pipeline through, nurturing innovation, and retaining them. This research examines thedeterminants influencing ER in the IT sector, with a specific focus on four independent variable as (jobsecurity (JS), work environment (WE), training and development (T&D), and employee compensation (EC)).Data were collected from a sample of 145 IT sector employees to examine these factors comprehensively.Moreover, this study explores the impact of demographic factors, such as age, gender, years of experience,and job designation, on ER within the IT sector. Through rigorous data analysis, we reveal correlationsbetween demographic variables and the key determinants, shedding light on their relative importance ininfluencing ER. The insights gained from this research significantly contribute to the prevailing knowledgeof ER strategies in the IT industry and organizational decision-makers. These findings have the potential toinform the development of targeted retention initiatives, specifically tailored to address the influence ofdemographic factors. Ultimately, this research seeks to empower software companies to cultivate a moreengaged and committed workforce, thereby enhancing their competitiveness in the IT sector.

Keywords: Job Security; Training and Development; Employee Compensation (search for similar items in EconPapers)
Date: 2024
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