Aim/Purpose: This study aims to explore the impact of compensation and benefits on
mitigation employee turnover in the Information Technology (IT) sector in
Bengaluru. It aims to comprehend the impact of financial and non-financial
incentives on employee retention, job satisfaction, and organizational
commitment within a competitive and dynamic industry.
Design/Methodology/Approach:
The study employs a quantitative methodology employing structured
online questionnaire using google form to gather data from IT professionals
across multiple companies in Bengaluru. Statistical tools like ANOVA and t-test
are used to assess the relationship between remuneration frameworks, benefits
packages, and employee turnover intentions.
Findings: The respondents of 18 percent and 30 percent strongly agreed and
agreed that IT sectors give performance-based incentives and bonuses which are
adequate.
Research
Limitations/Implications: This study is confined to
a specific region and sector, thus impacting the generalizability of the
results. Subsequent study may extend to additional industries and geographic
locations to yield more comprehensive insights. Implications - IT industry
organizations can mitigate turnover by crafting appealing remuneration packages
and providing flexible benefits according to employee requirements. Strategic
human resource policies emphasizing rewards and recognition can improve
mitigation rates.
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