Abstract:
Remuneration policies play a significant role in keeping the satisfaction and motivation level of employees very high. Every organization strives to recruit people who work for the company in the long run. Job hopping has increased a lot in recent times. Despite giving better wages and compensation packages, organizations face high turnovers. It is mounting an extra cost for the organization. Pivot has shifted towards non-financial rewards, keeping in mind the renowned companies in the world. People seek organizations that provide better working environments besides lucrative salaries and wages. To hold employees' job satisfaction and motivation high, companies have revised their human resource policies to award them non-financial packages such as flexible work options to keep the employee turnover ratio low. This study seeks to investigate the impact of flextime and recreation rooms on employee retention in software houses through a mediating role of job satisfaction. This research primarily focused on the people working in software houses in Pakistan. A quantitative research method was chosen to gather a sample of 212 respondents from the different software houses in Pakistan. 53-item scales were included in the questionnaire, which comprised demographic questions, flextime, recreation rooms, job satisfaction, and employee retention. SPSS version 25 was used as a statistical technique to test the hypotheses. The results showed a positive impact of flextime and recreation rooms on employee retention. Job satisfaction as a mediating variable also had a positive result compared to other variables. This result only provides information about software houses in Pakistan, but further study needs to be conducted to explore rest of the variables and industries.
