Abstract:
The purpose for this research is to scrutinize effect of HRM practices on employee
retention in Karachi Ship Yard & Engineering Works (KS&EW). The HRM practices
considered for this study are Career Development Opportunities, Working Culture,
Training and Development, Performance evaluation, Compensation and Rewards, and
Employee relations with Employer.
Methodology/sample:
For determining viewpoint of employees with respect to employment fulfillment and
readiness to continue with work at Karachi Ship Yard and Engineering Works (KS&EW),
the information was gathered through a survey. For better representation, every
department of KS & EW was considered, a sum of 152 representatives of different
departments were picked (approx. 50 from every department).
Findings:
An organization cannot survive if its employee’s have a tendency of leaving the
organization. Employee retention can be associated with several organizational HRM
policies/ practices which allow the employees to restrict to an organization for a several
years. Reducing employee turnover through retention practices is an area of great
interest to employers who depend on a highly skilled workforce. This research is carried
out to know the impact of Human Resource practices on employee retention and
Commitment to its organization. The result shows that human resource practices have a
significant impact on the employee loyalty and retention. However, due to lack of HRM
practices at various departments’ leads towards mismanagement and low morale of
employees and as a result, it impacts the overall organizational performance and
profitability.
Practical implications:
The outcomes of this research can be supportive for the organizations for retaining their
employees for extended period. The study also provides the works for future
researches.
