Determinants of Project Team Retention in Private Consultancies of Pakistan

Abstract

This article focuses on the factors affecting employee retention in private consultancies of Karachi. It encompasses the factors that an organization can focus on to increase its employee retention capabilities and minimize brain drain. The purpose is to identify various factors and examine their impact of employee satisfaction and retention. This study is based on primary quantitative data. Adopting deductive approach hypotheses were formulated. The data were collected through a research instrument i.e. a well-structured questionnaire. Research hypotheses were tested through appropriate statistical tools with the help of SPSS version 23 software. It was found that the job satisfaction was directly linked to job security and work environment alike. So, empowerment of people for decision making and feedback play important role in employee retention. In addition, supportive work environment was found positively related to employee retention. The vague job responsibilities and centralized leadership added to the job work flow getting disturbed and this resulted in low employee retention. The research provides opportunity for organizations to identify the areas that need their due attention for improving employee retention. Managers of private consultancy firms can benefit from the results and take appropriate measures to make existing factors more effective with ultimate aim to reduce turnover intention of employees. Managers of other organizations and academia may also benefit from the findings of this study.