Abstract:
Purpose:
The objective ofthe research is to study the Compensation practices and its effect on employee
retention at Pakistan National.Shipping Corporation (PNSC).
Methodology & Design:
Quantitative study was conducted to study research variables and Random sampling technique was
adopted with a sample size of 201. since the study is based on PNSC employees. SPSS version 23
software was employed to analyze the data collected through primary research.
Findings:
The analysis of data reveals that financial and non-financial compensation practices as discussed in
accounted for the employees of Pakistan National Shipping Corporation and it is this thesis are
found that there is a positive impact of compensation practices on the retention of its employees.
rejected, and it was found that two accepted hypothesis had a
mpact on the retention of employees at Pakistan National Shipping Corporation.
Out offour, two null hypotheses were
vital i
Practical Implications:
The research study proves that seafarers and shore-based employees of PNSC are satisfied with
although it is suggested that their current financial and non-financial compensation programs
. H nnH imnroved on regular basis of current global industry
compensation strategies must be revise P
. . .oA onr4 skilled employees to sustain and achieve highest
trends to retain their most talented and skilled emp y
organizational benefits
