Impact of Human Resource Management Practices on Employees’ Retention in Small Scale Industries in India

Abstract

Human resource management (HRM) may be considered as the optimum utilization of the man power, for the fulfillment of managerial objectives as well as employees’ retention in an organization. HRM concerns the policies affecting the man power at work place and impacting the working environment with managerial practices and society. Consequently, managerial person deals with the human being, and faces different challenging tasks, prepare the employees more efficient and productive by adopting new technological changes, following the government regulations, and reducing cost and meets the customers demand in the competitive age. It was the last of 2019, the entire world was affected by pandemics, and also the social and economic conditions were badly impacted, as a result GDP, industrial sector growth, employment and many more variables declined. In this pandemics situation, GOI, helped industrial sector though various ways for their survival and growth. In this study we try to study the influence of human resource management practices on the retention of employees in small scale industries of district Ghaziabad-Uttar Pradesh. The sample size was taken of 320 employees from 32 small scale industries of 8 block areas of district Ghaziabad. The data gathered was examined through descriptive means and regression with the help of SPSS.26. The results show that four human resource practices has working conditions, incentive schemes, safety measures and career advancement have an affirmative and important effect on employee retention. While on the other side the study failed to locate any potential impact of training and development to retain employees. This study covers 32 small scale industries only. Larger samples may be included for further studies in future by carrying out the research work at a broader level.