Study On Impact Of Compensation And Benefits Of Employee Retention

Abstract

Employee Retention Has Become One Of The Major Concerns For Organizations In Today’s Competitive Business Environment. Compensation And Benefits Play A Vital Role In Improving Employee Satisfaction And Reducing Employee Turnover. The Present Study Aims To Analyse The Impact Of Compensation And Benefits On Employee Retention In Swashthik Using PlasconPvt. Ltd. The Study Was Conducted Among Employees Working In The Organization A Structured Questionnaire. Both Primary And Secondary Data Were Used For The Research. The Collected Data Were Analysed Using Percentage Analysis, Correlation Analysis, And Chi-square Analysis. The Findings Reveal That Salary Structure, Incentives, Overtime Payment, Medical Benefits, And Leave Policies Significantly Influence Employee Retention. The Study Concludes That Effective Compensation And Benefit Policies Improve Employee Motivation, Job Satisfaction, And Loyalty Toward The Organization.

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