Role of Leadership on Employee Retention: It Industry in Delhi/NCR

Abstract

This research caters the grandness of the leadership and provides a brief explanation on how leadership styles of direct leaders affect employee retention in an organisation. With attrition rates touches heights in IT industry, employee retention has become a burning issue in the industry. To ameliorate growth, business organisation need to adopt methods for attracting efficient people and should take necessary steps to retain them. Various tactics could be used to retain employees, but all of them are imitable if not now then in future. Leaders and their leadership patterns and styles are inimitable. With organisations now understanding that people leave managers and not companies, more focus is made on understanding the level of leadership prevailing in the company. This research tries to explore the relationship between leadership styles and employee retention as it would help companies tackle attrition and provide them a sustainable competitive advantage. Data from 102 executives of different IT companies based in Delhi/ NCR was collected. Using a standard questionnaire,  the perception of the employees relating to leadership factors on employee retention has been analyzed. Correlation and multiple regression are used apart from general descriptive statistics.  From the research it was established that leaders' leadership style directly and significantly influences intention of employee to stay and hence there is need to embrace leadership styles that promotes staff retention for these organizations to thrive.

Keywords: Leadership, employee retention, leadership styles.