THE IMPACT OF CAREER DEVELOPMENT ON EMPLOYEE RETENTION (WITH SPECIAL REFERENCE TO APPAREL INDUSTRY)
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Date
2015
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Uva Wellassa University of Sri Lanka
Abstract
Career development is organizing employees and employee retention is a main issue in organizational context, especially for apparel industry in Sri Lanka. Apparel industry in one of the important industry in Sri Lanka. Employee retention is one of main issue in apparel industry. However limited research has been conducted on career development and employee retention by combining dimensions of career planning, training and development, coaching and mentoring, and career counselling. Therefore, there are any published research in Sri Lankan Context. In this study is conducted in order to identify the impact of career development on employee retention of operational level employees in apparel industry. Data were collected from ten key players of apparel industry in Katunayake Export Processing zone, according to industry capability report using convenient sampling technique. Further data analysis was measured using descriptive statistics, Pearson correlation analysis, simple regression analysis, and multiple regression analysis. In this study results of the analysis showed that, career development and employee retentions significantly and positive impact of employee retention which findings predicted high contribution from career counselling. Furthermore this study provided implication on enhancing available literature, to understand the opportunities of career development to retain the employees. This research can be applied to develop the knowledge for the academic purposes. And also this is provided recommendations and further, research areas for future research.
Key Words: Career development, Employee retention, Career planning, Coaching and mentoring, Career counselling, Career opportunities, Export Processing Zone
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Entrepreneurship And Management Degree Programme (ENM)