EMPLOYEE RETENTION STRATEGIES IN IT/ITeS SECTOR: EMPLOYER VIEW

Abstract

As a core pillar of the current generation, technology plays a central role in how businesses run their operations. Software technology has made it very efficient for companies and brands to secure their presence online, capture large traffic, and grow their business on online platforms. According to Larry English, the world has realized the full benefit of software technology and the importance of having a good team of software employees during the Covid-19 pandemic. That has seen tech companies rush to acquire and secure top talent. Read on to find out the top reasons why software employee retention is more important than ever.. Retaining good or performing employees has been a challenge all along the course of industrialization. Employers have given a lot of significance to this issue in employment relations. New and newer strategies have been designed and developed by them. They have also engaged the experts to study the problem of employee attrition in their organizations and recommend effective retention strategies. Consequently, “employee retention” has become a specialist function in people management and the “retention strategist” a specialist. Especially in the US industries, which are always concerned with hiring the right people and retaining them for longer time to reduce the cost of replacements have often spent lot of time in studying the challenge engaging the specialists. Keywords: Work Pressure, Remote Working, Compensation, QWL