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

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Published Feb 17, 2024
N Bargavi Abhishek Shrivastava abhi0426@yahoo.com Rashmi Gupta Deepti Skanda MG

Abstract

Employee Retention (ER) is an indispensable agenda for organizations operating in the extremely competitive
Information Technology (IT) sector. This study investigates the multifaceted challenges associated with ER
within the IT industry, emphasizing the need for customized strategies to motivate employees and cultivate
their enduring commitment to organizations. The capability to retain highly skilled employees is critical for
managing talent pipeline through, nurturing innovation, and retaining them. This research examines the
determinants influencing ER in the IT sector, with a specific focus on four independent variable as (job
security (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 correlations
between demographic variables and the key determinants, shedding light on their relative importance in
influencing ER. The insights gained from this research significantly contribute to the prevailing knowledge
of ER strategies in the IT industry and organizational decision-makers. These findings have the potential to
inform the development of targeted retention initiatives, specifically tailored to address the influence of
demographic factors. Ultimately, this research seeks to empower software companies to cultivate a more
engaged and committed workforce, thereby enhancing their competitiveness in the IT sector.

How to Cite

N Bargavi, Abhishek Shrivastava, abhi0426@yahoo.com, Rashmi Gupta, Deepti, & Skanda MG. (2024). Exploring the Factors Affecting Employee Retention in the Information Technology Sector: Demographic Perspective. SPAST Reports, 1(1). Retrieved from https://spast.org/ojspath/article/view/4798
Abstract 9 | PDF Version Download Downloads 17

Article Details

Keywords

Job Security, Training and Development, Employee Compensation

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Section
PAMIR One (Preprints)