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@article{172069, author = {AMIT SINGH}, title = {Employee Retention-A global challenge for private sector}, journal = {International Journal of Innovative Research in Technology}, year = {2025}, volume = {11}, number = {8}, pages = {1852-1858}, issn = {2349-6002}, url = {https://ijirt.org/article?manuscript=172069}, abstract = {Employee retention has become a critical challenge for organizations in the private sector worldwide. As businesses face increasing competition for talent, evolving employee expectations, and shifting economic landscapes, retaining skilled employees has become an essential strategic priority. This project explores the global challenges of employee retention, identifies the key factors influencing employee turnover, and examines successful case studies from various industries. It also provides actionable strategies for improving employee retention, such as competitive compensation, career development opportunities, and fostering positive work cultures. Furthermore, the project highlights the growing importance of work-life balance, leadership, and employee well-being programs in influencing retention rates. The role of technology in employee engagement and retention is also discussed, along with the need for personalized retention strategies that cater to the diverse needs of the modern workforce. In conclusion, the project emphasizes the importance of adapting retention strategies to meet the changing demands of employees and the business environment. Organizations that invest in comprehensive and adaptable retention practices are more likely to build a loyal, motivated workforce that drives long-term organizational success.}, keywords = {Employee retention, talent management, turnover, compensation, career development, work culture, leadership, employee well-being, work-life balance, technology, engagement, personalized strategies, employee expectations, organizational success.}, month = {January}, }
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