The Impact of Compensation in Retaining Skilled Employees in the Automobile Sector of SIDCUL, Rudrapur, Uttarakhand

Article

Open Access

Peer-reviewed

The Impact of Compensation in Retaining Skilled Employees in the Automobile Sector of SIDCUL, Rudrapur, Uttarakhand

Deepti Raj Verma , Dr. Ankit Kumar

DIP: 18.02.014/20240904

DOI: 10.25215/2455/0904014

Received: October 04, 2024; Revision Received: November 16, 2024; Accepted: December 20, 2024

Abstract

Employee retention has become a major challenge for industries worldwide, particularly in competitive sectors like automobile manufacturing. This research investigates the impact of compensation on retaining skilled employees in the automobile sector of SIDCUL, Rudrapur, Uttarakhand. The study explores how various components of compensation, including salary, benefits, performance incentives, and non-monetary rewards, influence employee retention. Through a quantitative research design involving surveys with employees from different automobile companies in SIDCUL, the study establishes a strong correlation between compensation satisfaction and employee retention. The findings highlight the need for competitive and structured compensation packages to reduce turnover and retain a skilled workforce.

Keywords

The author(s) appreciates all those who participated in the study and helped to facilitate the research process.

The author(s) declared no conflict of interest.

This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

Responding Author Information

Verma R D & Kumar A @ info.ijsi@gmail.com

The Impact of Compensation in Retaining Skilled Employees in the Automobile Sector of SIDCUL, Rudrapur, Uttarakhand

Total Download: 3 | Total View: 212

PlumX Matrix

Plum Analytics uses research metrics to help answer the questions and tell the stories about research. Research metrics that immediately measure awareness and interest give us new ways to uncover and tell the stories of research.

Dimensions Matrix

Dimensions is a next-generation linked research information system that makes it easier to find and access the most relevant information, analyze the academic and broader outcomes of research, and gather insights to inform future strategy. (digital science)

Article Overview

ISSN 2455-670X

DIP: 18.02.014/20240904

DOI: 10.25215/2455/0904014

Published in

Volume 09 Issue 4, October-December, 2024

3Downloads
0Citations
212Views
0Likes

[DISPLAY_ULTIMATE_SOCIAL_ICONS]