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Gaining Organizational Competitiveness through Employee Retention: A Cost Cutting Strategy

Author

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  • Hadia Iftikhar
  • Zeb Jan
  • Shah Muhammad Najmi

Abstract

The success and failure of any organization largely depends upon the performance of its employees. The retention of talented employees is the need of time. The organizations that lose their talent and employees, resultantly, lose their competitiveness. So, in order to succeed in this highly competitive world the organizations must adopt certain strategies to retain their key and special talents. The aim of this study is to empirically test and analyze the impact of dimensions of employee retention on organizational competitiveness with the consideration for the moderating role of training and development. A quantitative research was conducted using simple random sampling within the parameter of purposive sampling. Questionnaires were self-administered to 120 Female/Male school teachers. Pearson correlation and hierarchical regression were used for statistical analysis using SPSS 18. According to the results of this study the dimensions of employee retention have a statistically significant relationship with organizational competitiveness. Furthermore, training and development moderates the relationship between employee involvement and organizational competitiveness.

Suggested Citation

  • Hadia Iftikhar & Zeb Jan & Shah Muhammad Najmi, 2015. "Gaining Organizational Competitiveness through Employee Retention: A Cost Cutting Strategy," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 6(9), pages 412-429.
    • Handle: RePEc:rss:jnljms:v6i9p2
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    References listed on IDEAS

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    1. Abeeha Batool & Bariha Batool, 2012. "Effects of employees training on the organizational competitive advantage: Empirical study of Private Sector of Islamabad, Pakistan," Far East Journal of Psychology and Business, Far East Research Centre, vol. 6(5), pages 59-72, January.
    2. Eric Ng Chee Hong & Lam Zheng Hao & Ramesh Kumar & Charles Ramendran & Vimala Kadiresan, 2012. "The Effectiveness of Human Resource Management Practices," International Journal of Business Research and Management (IJBRM), Computer Science Journals (CSC Journals), vol. 3(2), pages 60-79, April.
    3. Syed Ali Raza & Nida Hanif, 2013. "Factors affecting internet banking adoption among internal and external customers: a case of Pakistan," International Journal of Electronic Finance, Inderscience Enterprises Ltd, vol. 7(1), pages 82-96.
    4. Ali, Muhammad & Raza, Syed Ali, 2015. "Measurement of Service Quality Perception and Customer Satisfaction in Islamic Banks of Pakistan: Evidence from Modified SERVQUAL Model," MPRA Paper 64039, University Library of Munich, Germany.
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