Case Study on Retention Ratio of Private Employees In post Covid Era

Abstract

Did you ever notice the retention rate of that organization where you are working, or you might be working within some time? Well, if we talk about Covid-19, many companies—nearly 70 percent—have retrenched their employees due to so-called "reasons," who were working in the private sectors, whether you were an IIT graduate or you completed your degree from your local area. Pandemic hit major economies, and many people lost their jobs as a result. Getting a job is one of what is the current situation about them?? This article discusses the factors that have led to retrenchment in India because of the corona virus disease 2019 (COVID-19) pandemic, as well as the jobs that have been lost, at least temporarily. The topic of this research paper is the situation of private employees after the post-COVID era; has the situation improved, or are things still going the same way under the cover of the pandemic? Since the end of World War II, the number of people losing their jobs reached an all-time high in March and April of 2020. At the beginning of the crisis, a lot of people voiced the optimism that, with the help of the government, companies and employees would be able to rapidly return to their employment patterns from before the crisis. On the other hand, as the COVID-19 scenario becomes direr, more employer–employee links are severed, which leads to an increase in the amount of social and economic misery.