FACTORS PREDICTING EMPLOYEE INTENTION TO STAY IN THE IT SECTOR

Abstract

Employee intention to stay is an important aspect of the business strategy as it contributes to the growth of the organization. Retaining employees, particularly talented employees, would give the company a competitive advantage over the long term.

Thus, this study was conducted to understand the factors influencing employee intention to stay in the IT sector. This is a conceptual paper reviewing the research articles, news, and other sources related to retention for the past 10 years to understand the IT industry.

Many of the employees may also tend to leave the job for various undisclosed reasons, such as lack of job security, lack of career advancement, desire for change in new opportunities, anticipating higher pay, problems with supervisors, and a few other personal reasons. It creates great difficulty for human resources personnel to fill the gap that has occurred. Modern human resource managers are taking various steps to reduce the employee attrition rate, and it has been a pivotal challenge for today’s managers.

This study examined broad factors such as compensation, work-life balance; work environment, job security, job satisfaction, training, and development in depth. The measures and initiatives taken by the company should be more consistent to encourage employees to stay. Long-term retention requires a structured and inclusive approach