Exploring the Factors Affecting Employee Retention in the Information Technology Sector: Demographic Perspective

N. Bargavi, Abhishek Shrivastava, Rupsa Mahapatra, Rashmi Gupta, Deepti, Skanda M. G

2023

Abstract

Employee Retention (ER) is an indispensable agenda for organizations operating in the extremely competitive Information Technology (IT) sector. This study investigates the multifaceted challenges associated with ER within the IT industry, emphasizing the need for customized strategies to motivate employees and cultivate their enduring commitment to organizations. The capability to retain highly skilled employees is critical for managing talent pipeline through, nurturing innovation, and retaining them. This research examines the determinants influencing ER in the IT sector, with a specific focus on four independent variable as (job security (JS), work environment (WE), training and development (T&D), and employee compensation (EC)). Data were collected from a sample of 145 IT sector employees to examine these factors comprehensively. Moreover, this study explores the impact of demographic factors, such as age, gender, years of experience, and job designation, on ER within the IT sector. Through rigorous data analysis, we reveal correlations between demographic variables and the key determinants, shedding light on their relative importance in influencing ER. The insights gained from this research significantly contribute to the prevailing knowledge of ER strategies in the IT industry and organizational decision-makers. These findings have the potential to inform the development of targeted retention initiatives, specifically tailored to address the influence of demographic factors. Ultimately, this research seeks to empower software companies to cultivate a more engaged and committed workforce, thereby enhancing their competitiveness in the IT sector.

Paper Citation

in Harvard Style

Bargavi N., Shrivastava A., Mahapatra R., Gupta R., Deepti. and M. G S. (2023). Exploring the Factors Affecting Employee Retention in the Information Technology Sector: Demographic Perspective. In Proceedings of the 1st Pamir Transboundary Conference for Sustainable Societies - Volume 1: PAMIR; ISBN 978-989-758-687-3, SciTePress, pages 988-991. DOI: 10.5220/0012534000003792

in Bibtex Style

@conference{pamir23,
author={N. Bargavi and Abhishek Shrivastava and Rupsa Mahapatra and Rashmi Gupta and Deepti and Skanda M. G},
title={Exploring the Factors Affecting Employee Retention in the Information Technology Sector: Demographic Perspective},
booktitle={Proceedings of the 1st Pamir Transboundary Conference for Sustainable Societies - Volume 1: PAMIR},
year={2023},
pages={988-991},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012534000003792},
isbn={978-989-758-687-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st Pamir Transboundary Conference for Sustainable Societies - Volume 1: PAMIR
TI - Exploring the Factors Affecting Employee Retention in the Information Technology Sector: Demographic Perspective
SN - 978-989-758-687-3
AU - Bargavi N.
AU - Shrivastava A.
AU - Mahapatra R.
AU - Gupta R.
AU - Deepti.
AU - M. G S.
PY - 2023
SP - 988
EP - 991
DO - 10.5220/0012534000003792
PB - SciTePress