Retention Strategies Among Healthcare Professionals In Multispecialty Hospitals
Employee retention is defined as the capability to prevent valuable and talented employees in the company from reunion their jobs for longer than competitors (Johnson, 2000). The research tries to discover the retention strategies among healthcare professionals in multispecialty hospitals. Convenience sampling technique was used for primary data collection. Data was collected from 50 healthcare professionals in Chennai. Data analysis was done through path analysis. The analysis identified that there is influence of compensation practices such as competitive salary and recognitions & rewards on retention strategies among professionals in healthcare sector. It is also discovered that there is influence of retention strategies on organizational performance in healthcare sector. Hence, it is suggested that Better compensation practice results improve a healthcare professional’s approach (work involvement, work commitment and work performance) so that the employee can feel that the hospital has a greater amount of affection for them, and simplifies retention strategies.