Factors of Employee Retention: A Case Study of Pakistan Foam Industry
7 Pages Posted: 6 Jun 2011
Date Written: June 3, 2011
The basic objective of this study is to identify the main factors of employee retention in Foam industry of Pakistan and also impact of variables like (career prospects, job security, employer attitude and working environment) on employee retention. This study is based on primary data, which collected from 81 employees of five leading Foam Companies of Pakistan. For this purpose we self designed questionnaire was used for data collection. The data was analyzed using the techniques of correlation coefficient and regression analysis. Cronach-Alpha reliability is 78%, 86%, 74%and 74% respectively career prospects, job security, employer attitude and working g environment. The following are the reasons (career development, job security, working conditions and employer attitude) for which employee wants to stay in Foam industry Pakistan. The 61.2% respondent want to spending their career with their company, which shows that main factor of employee retention, is career prospects and second factor of employee retention is job security. The p-values of four factors of employee retention is less than .05, so rejected the statement of hypothesis (H0) and accepted H1. There is positive impacts and relationship between employee retention and career prospectus, job security, working environment & employer attitude. These results are consistent with prior empirical study.
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