Employee Retention a Challenge to the Companies – Study in South Bangalore

After an LPG policy, the entry of foreign companies was increased tremendously in to India which leads to a huge competition in the job market. Highly educated and talented employees in particular are able to compare a range of alternatives to their present jobs. The demand for skills and talented employees are exceeds the supply, especially for leadership positions. With an average of 28% of employees leaving and entering a new company per year, the Indian labor market is characterized by high employee turnover rates i.e.21.8%. This study analyzes the relationship between different strategic talent management practices and employees’ intention to leave big companies like multinational corporations. The present study aims at closing these gaps and intends to answer the following research question: How are different STM practices related to employee retention in Indian Companies.?