To have a retained workforce, is an aim for almost every sort of organization. The cost involved in acquiring, training and developing the people element is something that organization is spending a significant amount on. Thus, it has to make sure that such cost incurred should derive maximum benefit to it. To assist the same cause, the organizations must work upon their HR Practices and understand its impact on Employee Retention. The same thing has been studied under the research conducted by applying the statistical tools, which has been presented in the given presentation.
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Impact of HR Practices on Employee Retention
1. The impact of HR Practices on
Employee Retention
Under the guidance of: Presented By:
Ms. Tanushree Mukherjee Ishvinder Kaur
(Assistant Professor) MBA (Final)
Roll No.- 202118
2. Contents
Introduction to Industry
Introduction to SIP organization
Tasks perpetrated in SIP
Introduction to Base paper
Theoretical framework of base paper
Hypothesis of base paper
Findings of the research
Proposed theoretical framework
Proposed Research Methodology
Sample Determination & Data Collection
Statistical tools & Analysis
Limitations of the study
Policy implications
Recommendations
4. Reliance retail
• Reliance Retail is an Indian retail company and a subsidiary of
Reliance Industries Limited.
• Founded in 2006 by Mukesh Ambani, it is the largest retailer in
India in terms of revenue.
• Its retail outlets offer foods, groceries, apparel, footwear, toys,
home improvement products, electronic goods, and farm
implements and inputs.
• Apart from physical outlets, the company also sells products on its
e-commerce channels. It has 280,000 employees with profit of $1
billion. Reliance Retail valuation amounts to $150 billion.
5. Reliance trends
• Trends is India’s largest fashion retail chain across
India. Trends offers stylish, high-quality products
across Womenswear, Menswear, Kids wear and
fashion accessories through a diversified portfolio of
own brands, national and international brands.
• "FASHION AT GREAT VALUE".
• www.trends.ajio.com
• Trends has developed a strong portfolio of own
brands that cater to diverse tastes and preferences of
the customers.
13
In-House
Brands
22
External
Brands
6. Tasks perpetrated in SIP
Hired and onboarded 12 new associates.
PF nominations of 34 in-house employees.
Maintained Brand Promoter Compliance of 18
employees.
Conducted interviews for CSA profile.
Shortlisted 20 candidates for NSO.
Cluster follow-up for PME and Booster dose of staff.
8. Human resource practices
HR Practices involve the strategic operations of HR. They are the
means through which the HR personnel can develop the leadership
of the staff.
9. Employee retention
• Employee retention refers to the ability of an organization to retain
its employees, make sure their sustainability and reducing the
turnover.
• It includes the strategies used by employers to keep productive and
talented workers by fostering the use efficient use of HR practices
in the organization.
11. Theoretical framework
of
base paper
• CONSTRUCT: Studying the impact of HR Practices and Policies on
Employee Retention.
• INDEPENDENT VARIABLES : Training & Development
Organization Culture
Compensation and Rewards
• DEPENDENT VARIABLE: Employee Retention
13. Findings of the research
The dependent variable, employee retention, was highly
correlated with all three HR practices. This shows that
employee retention in the organization can be increased
through better HR practices.
The beta coefficient of training and development was
surprisingly negative. Training and development had 30.2%
negative impact on employee retention. Thus the first
hypothesis stood rejected.
The other two HR practices, compensation and organizational
culture, had significant positive impact on employee
retention. They were considered important in enhancing
employee loyalty and thus, increased the employee retention.
15. PROPOSED RESEARCH METHODOLGY
Purpose of Study Descriptive Study
Type of Investigation Causal
Study Setting Non-Contrived
Time Horizon Cross Sectional
Measurement and Scaling • HR Practices (adapted from Langford,
2009)
• Employee Retention (adapted from Eva
Kyndt, 2009)
• 5- Point Likert Scale.
20. Descriptive statistics
Descriptive Statistics
Mean Std. Deviation N
ER 3.6392 .58123 210
HRP 3.5923 .54751 210
After applying Descriptive Statistics, the result shows that there
is no ceiling effect and flooring effect. This is a clear indication
that there is a variance response of all the respondents.
21. Reliability statistics
Scale: ALL VARIABLES
Case Processing Summary
N %
Cases Valid 210 100.0
Excluded a
0 .0
Total 210 100.0
a. Listwise deletion based on all variables in the procedure.
Reliability Statistics
Cronbach's Alpha N of Items
.818 27
By applying reliability statistics on variables, the value of Cronbach’s
Alpha was .818 which was greater than .70 which satisfied the
condition that a scale should consistently reflect the construct it is
measuring.
22. Correlation
Correlations
HRP ER
HRP Pearson Correlation 1 .744**
Sig. (2-tailed) .000
N 210 210
ER Pearson Correlation .744** 1
Sig. (2-tailed) .000
N 210 210
**. Correlation is significant at the 0.01 level (2-tailed).
There is a positive correlation between HR Policies and Practices and Employee
Retention. After applying correlation, we get the value .744 which shows that there
is a high degree of positive correlation between HR Policies and Practices and
Employee retention.
23. Regression
Model Summaryb
Model R R Square
Adjusted R
Square
Std. Error of
the Estimate
Change Statistics
R Square
Change F Change df1 df2
Sig. F
Change
1
.744a .554 .552 .38917 .554 258.186 1 208 .000
a. Predictors: (Constant), HRP
b. Dependent Variable: ER
The Table shows that HR policies and practices have 55.4 % impact on
Employee Retention.
24. Coefficientsa
Model
Unstandardized
Coefficients
Standardized
Coefficients
t Sig.
B Std. Error Beta
1 (Constant)
.801 .179 4.484 .000
HRP
.790 .049 .744 16.068 .000
a. Dependent Variable: ER
ANOVAa
Model
Sum of
Squares Df
Mean
Square F Sig.
1 Regression
39.104 1 39.104 258.186 .000b
Residual
31.503 208 .151
Total
70.606 209
a. Dependent Variable: ER
b. Predictors: (Constant), HRP
Since the significance value in ANOVA table is less than the
0.05, it refers to that the model is a good fit.
25. LIMITATIONS OF THE STUDY
Small sample size
Unwillingness of respondents
Limited area for research
Respondents’ bias
Researcher’s bias
26. Provide benefits to
employees
Increase flexibility
Ingenious techniques
to motivate and
retain employees
Positively adapt the
changes
Policy
implications