IMPACT OF PERFORMANCE MANAGEMENT SYSTEM ON EMPLOYEE RETENTION IN THE HEALTH SECTOR OF KARACHI PAKISTAN

Abstract

Purpose: The purpose and aim ofthis research is to find out or to investigate the effects or footprints of independent variables (Rewards, Feedback, and Fairness and career development) on to the employee retention in health sector. Methodology and Designs: The research model selected is explanatory. Research was done and carried out by using the questionnaires. Basically the questionnaire was floated among the employees within the health sector such as various hospitals. 272 respondents responded to the floated questionnaire. Findings: A superior thoughtful and findings was obtained about the factors that leaves footprint on to the employee retention. While focusing on to the research, there is an optimistic, considerable and significant effects of independent variables (Rewards, feedback, fairness, career development) on to the retention of employees in organization. Limitations: There are many challenges, like research representation of this study is focusing on only 4 factors of the performance management system (Rewards, feedback, fairness, career development). So, for this reason this research was not able to experience other factors that impacts on to the retention of the employees. However, there are many other factors that impacts on to the employee' performance. Here, we are doing research within the health sector only. Recommendations: All the employees should be treated fairly and rewards should be given. Hence, this increase the employee loyalty that will increase their desire to stay in the organization.