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Retention Factor: Work Life Balance and Policies – Effects over Different Category of Employees in Ceramic Manufacturing Industries
Abstract
Globalization has increased considerably the mobility of skilled employees in search of better opportunities. On the other hand, due to tough competition worldwide, well developed and economically sound countries also face turnover problems. India is also affected by attrition menace and it is revealed by survey. This necessitated the organizations to retain the talented and skilled employees for their survival. By improving considerably the retention strategies which provides unobjectionable business benefits and employee satisfaction to remain with the organization, the goal of retaining skilled can be achieved. There are so many factors influencing employee's retention. One among is work life balance& policies derived from literature reviews. This article explores the effects of non-monetary employee retention factor work life balance and polices over different category of employees (differs by age groups, years of service and working departments) in ceramic manufacturing industries in India Statistical tools such as ANOVA and Duncan multiple range tests were used for analysis. The analysis concluded that there is significant difference between years of service of employees and departments they work with work life balance and policies. But age groups of employees were not having any significant difference. The study also revealed that higher level of significance is exerted by 10-15 years of experienced employees and working in production department with work life balance and policies and least significant by employees of 5-10 years of experience and working in finance department. Suggestions for the organizations were also incorporated.
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