Comparison of Employee Retention Strategies in Self Financing Engineering Colleges and Arts and Science Colleges in Kerala

Abstract

It is very clear that pulling in and holding key workers is the first concern for any organization deserving at least some respect. This article mainly focus on the difference between the employee retention strategies in self-financing arts and science and engineering colleges in Kerala. Primary and secondary data was collected using structured questionnaire. Thirteen variables are used to measure retention strategies in self financing colleges. The main retention strategies are work environment, teamwork, management effectiveness, competency, organization commitment, performance appraisal, management involvement, gender bias, financial compensation, career growth, work stress, leadership practices and work life balance. Mann witney U test is used to compare the means. The paper give way for the self-financing educational institutes to enhance the teaching fraternity to make the teachers stick on to the institute. This study has enriched the literature on employee retention and the leadership arena. To the best of the authors’ knowledge, there is no prior evidence concerning the study’s integrated relationship of the continuous variables. The implications and limitations were finally expressed at the end of this manuscript.