Abstract:
This research has been conducted with an aim to examine the impact of compensation
practices on employee retention through reward management systems and retirement benefit
fund. On employee s creativity and quality of work life and also how employee turnover
influences due to lack of training & development opportunities. How employee feels about
employee retention and how organization makes strategies to retain employees. An adaptive
questionnaire from previous literatures was given to convenience sample of 400 respondents
from manufacturing industries located in Karachi Pakistan. Quantitative deductive approach
is used by researchers. An overall four variables are used to conduct this research and these
variables are retirement plans, reward management system, employee turnover employee
training and development. Thus study has investigated the role compensation practices being
implemented in these selected companies and what impact it has on employee’s intention to
leave the company.
