IDEAS home Printed from https://ideas.repec.org/a/sae/sagope/v14y2024i2p21582440241236615.html
   My bibliography  Save this article

Influence of Compensation, Performance Feedback on Employee Retention in Indian Retail Sector

Author

Listed:
  • Mohammed Arshad Khan
  • Md Rashid Farooqi
  • Md Faiz Ahmad
  • Serajul Haque
  • Abdulaziz Alkhuraydili

Abstract

The present article investigates the influence of compensation plans – financial as well as nonfinancial and performance feedback – with respect to the retention of the employee considering the retail sector in India from viewpoint of employees. A structured questionnaire was employed to gather information from the Hyderabad city and Greater Hyderabad Municipal Corporation (GHMC) consisting of 571 retail outlet employees as sample respondents. The collected data was analyzed using structural equation modeling (SEM) to assess the hypothecated relationship among financial that is, extrinsic rewards (FR), non-financial that is, intrinsic reward (NFR), performance feedback (PF), and employee retention (ER). The findings reveal that intrinsic and extrinsic benefits portray an important role in performance feedback (PF) which in turn helps the organization to retain their employees for years to come. The study offers academia and practitioner a thoughtful and insightful understanding of some of the important aspects of keeping skillful and talented performers and ultimately increasing productivity and providing a competitive advantage to the organization.

Suggested Citation

  • Mohammed Arshad Khan & Md Rashid Farooqi & Md Faiz Ahmad & Serajul Haque & Abdulaziz Alkhuraydili, 2024. "Influence of Compensation, Performance Feedback on Employee Retention in Indian Retail Sector," SAGE Open, , vol. 14(2), pages 21582440241, April.
    • Handle: RePEc:sae:sagope:v:14:y:2024:i:2:p:21582440241236615
    DOI: 10.1177/21582440241236615
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/21582440241236615
    Download Restriction: no
    File URL: https://libkey.io/10.1177/21582440241236615?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:sagope:v:14:y:2024:i:2:p:21582440241236615. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.