The Impact Of Compensation On Employee Retention With Special Reference To Strokx Technologies, Kochi

• Author(s):

  Ms Shemeena K M | Mr Srinivas M B

• Keywords:

  Compensation, Employee Retention, Salary Satisfaction, Incentives, Job Security, Career Growth, Work-Life Balance.

• Abstract:

  This Study Explores How Compensation Impacts Employee Retention At Strokx Technologies, A Tech Firm In Kochi. With High Demand For Skilled Professionals, The Research Focuses On Key Compensation Elements Like Salary, Incentives, Benefits, And Non-monetary Rewards. Data From All 61 Employees Was Analyzed Using Percentage Analysis, Chi-square, Correlation, And ANOVA. Findings Show That Base Salary, Job Security, And Career Growth Significantly Influence Retention. The Study Highlights A Strong Link Between Work-life Balance And Career Satisfaction, And Confirms That Different Pay Structures Affect Retention Levels. It Concludes That Fair Compensation, Regular Reviews, And Growth Opportunities Are Vital To Boosting Employee Satisfaction And Reducing Turnover.

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Other Details

• Paper id:

  IJSARTV11I4103092

• Published in:

  Volume: 11 Issue: 4 April 2025

• Publication Date:

  2025-04-12

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