COMPENSATION PRACTICES AND ITS EFFECT ON EMPLOYEE RETENTION IN PAKISTAN NATIONAL SHIPPING CORPORATION

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