Abstract:
Purpose:
The objective ofthe research is to study the impact of compensation practices on employee retention
at Pakistan National Shipping Corporation (PNSC).
Methodology & Design:
Quantitative study was conducted to study research variables and homogenous sampling method
adopted with a sample size of 200, since the study is based on PNSC employees. SPSS version 23
software was employed to analyze the data collected through primary research.
was
Findings:
The analysis of data reveals that financial and non-fmancial compensation practices as discussed in
this thesis are accounted for the employees of Pakistan National Shipping Corporation and it is found
that there is a positive impact of compensation practices on the retention of its employees. Two null
hypothesis were proposed and it was found that both ofthem was accepted hypothesis and had a vital
impact on the retention ofemployees at Pakistan National Shipping Corporation.
Practical Implications:
The research study proves that seafarers and shore-based employees of PNSC are satisfied with their
current financial and non-fmancial compensation programs although it is suggested that compensation
strategies must be revised and improved on regular basis of current global industry trends to retain
their most talented and skilled employees in order to sustain and achieve highest organizational
benefits
