Role Of Human Resources Practices In Career Development And Employee Retention

Abstract

It might be crucial to identify the reasons for employee attrition and to apply suitable methods for the maintenance of personnel in today's competitive corporate environment, where employee retention is one of the most debated concerns. As a result, it is important for both businesses that their highest-level employees stay put. With that in mind, this study intends to examine how different HRM strategies have affected employee retention in Hyderabad's hospitality industry. Because studies like this are so uncommon in Hyderabad, we have conducted this analysis for two different types of hotels (5 Star and 4 Star) to help fill the void they've left. The purpose of this research was to determine how four HR policies and practices affect employee retention. Therefore, finding talented, ambitious, and skilled workers is a significant difficulty for many businesses. But it's not only finding brilliant people that are hard for businesses; it's keeping them and putting them to good use. The primary objective of this research is to determine whether human resource management techniques have a bearing on the retention and dedication of brilliant personnel. Factor analysis was used to determine the specific components that makeup HRM procedures.