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Talent Management and Retention Strategies of Employees in Information Technology
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This book deals with talent management practices and retention strategies adopted in the IT companies. It emphasises how talent management has become a part and parcel of the organisation and how they are dealing with the attrition. The study starts with an overview to show relevance of the study with its significance and purpose. The second chapter reviews the work done by various researchers published in journals, books, online magazines, survey reports, etc. It starts with introduction, talent management assessment tools and work force planning. This chapter also deals with process, benefit...
This book deals with talent management practices and retention strategies adopted in the IT companies. It emphasises how talent management has become a part and parcel of the organisation and how they are dealing with the attrition. The study starts with an overview to show relevance of the study with its significance and purpose. The second chapter reviews the work done by various researchers published in journals, books, online magazines, survey reports, etc. It starts with introduction, talent management assessment tools and work force planning. This chapter also deals with process, benefits, process of talent management and factors affecting talent management. Further retention strategies, performance management, career path and training interventions are also studied. Many researchers showed a positive aspect of talent management and retention strategies but still have a few critical aspects that have been studied in this chapter. At last the research gaps were identified and a conceptual framework has been tested which is been further discussed in analysis and interpretation of data Chapter 5. The third chapter deals with a clear description of introduction to research, objectives of the study, scope of the study, hypotheses, scope, methodology, research design, variables, questionnaire design, scale used, reliability test, method of data collection, sampling design, statistical tool used for analysis, analysis & interpretation of data and limitations of the study. The study based on primary data collected through sampling method. The data collected from four IT companies through questionnaires. The questionnaire used for the research is based on eleven variables like (Acquisition Process Performance Management, Working Environment, Salary Benefits, Succession Planning, Training and Development, Organizational Culture and Employees Brand, Job Flexibility, Job Satisfaction, Identifying Talent, Communication) and six variables like (Career Planning and Development, Compensation, Quality of Work Life Management / Leader ship, Social Support, Autonomy) used to collect data regarding Talent Management and Retention of employees in IT companies.The fourth chapter focuses on the details about the IT organisations taken in the study, namely, Infosys, Tech Mahindra, Wipro and Tata Consultancy services. The fifth chapter is broadly divided into two parts. First part deals with the primary data collected from the organisations i.e. the various talent management and retention strategies practiced the organisations. The second part deals with analysis done on data obtained through questionnaire administration to the employees of the respective organisation. It comprises possible explanations based on the findings of the present study. Some of the statistical tools used in this chapter are Cronbach's Alpha, ANNOVA, Correlation analysis, regression analysis and Mean, SD , SE, 't' values and 'P' values of all variables are calculated. The sixth chapter highlights the major observations and findings, hypotheses testing, conclusion, suggestions, scope for further research and outcome of conceptual model.