Effects of Job Organizational Culture, Benefits, Salary on Job Satisfaction Ultimately Affecting Employee Retention

Abstract

Employee retention is very critical issue these days.Cost of losing talented, experienced and skilled workers is much higher then the cost of hiring new ones.Therefore, it is more critical for the organizations to retain their best talent with them.In this study a relationship is developed between job satisfaction, organization culture, benefits and salary to check their influence on employee retention.The relatedness of these variables with the motivational theories has also been measured.Employee retention is critical in today's competitive advantage.Job satisfaction is the key variable which makes the higher or lower levels of employee retention at any organization.Moreover, organizational culture also plays an effective role in retaining the best talent within the organization.As loyalty and strategic commitment among all employees regardless of job can be enhanced through the organizational cultures as it emphasizes on teamwork, security and respect of individual employees.Besides this, benefits and salary are also strong determinant of employee retention at organization.There is a significant relationship between rewards offered by a firm and employee satisfaction for the employees to work for the organizations for longer time duration.High level of pay and benefits as compare to other companies in the market, attract and retain high quality employees.Thus, these elements are directly related to employee retention at any organization.

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