OUTCOME OF TALENT MANAGEMENT AND EMPLOYEE RETENTION IN ORGANISATION PERFORMANCE: INSIGHTS FROM INFORMATION TECHNOLOGY SECTOR

Abstract

In today’s busy world, it is evident that, in light of the post-pandemic context, the prior study did not go further into the demands of the employee or the reasons for their job or company moving. The work-life balance has radically altered, and it is anticipated that this has also altered employee demands. Any organisation that wants to sustain its success must survey its workforce to learn about their present requirements and develop a strategy for talent management and retention. These are the primary areas of attention for this study from an Indian standpoint. It is now clear that the workforce powers information technology and the software companies that power it. The profitability of the company will thus increase if their well-being and work-life balance are prioritised. Maintaining the employee will assist the company in keeping up its level of performance and competitiveness. The primary focus of this study is the impact of staff administration and retention strategies in software companies. Several Indian cities hosted a pilot study. There has been an adoption of the random sampling approach. Around 200 software professionals from different Indian cities have received the structured questionnaire that has been produced. 169 people responded to the survey out of 200. The findings are analysed to provide new insights when the study methodology, which includes a basic percentage analysis and the ranking method, is used. The study also examines respondent opinions and the necessity of working certain hours, as well as the organisation's intention to provide benefits and facilities that will keep employees happy and ensure business profitability. More research in this area may focus on finding the most economical approach to improve employee well-being and motivate them to work for the company for an extended period of time by establishing a win-win scenario for the company and its employees.