A Study on Assessing and Developing the Employee Retenion Stratagies in Post-Covid Scenario for Krish Technologies Limited with Reference to Hyderabad

Abstract

Krish Technologies, a flourishing IT company with over 50 employees for a decade, confronts a rising employee attrition rate, particularly after the COVID-19 pandemic. This decline in staff strength adversely affects both the team size and workload of remaining employees. Despite facing challenges, Krish Technologies boasts a history of remarkable employee productivity and unwavering support. Additionally, the company prioritizes employee well-being with an opendoor policy.To address the concerning attrition rate, this thesis proposes a management study to assess and develop effective employee retention strategies for Krish Technologies in the postCOVID era. The proposed six-month project will involve a comprehensive analysis of current employee welfare practices and a gap analysis to identify discrepancies between employee expectations and current realities. The project will leverage qualitative data obtained through physical interaction with employees and a structured questionnaire. The findings will be utilized to formulate a detailed report with actionable recommendations to enhance employee retention.By implementing the recommendations derived from this study, Krish Technologies can expect to gain valuable insights into the root causes of employee attrition. This knowledge will empower the company to develop and execute effective retention strategies, fostering a positive work environment that motivates and retains its talented workforce, ensuring Krish Technologies' continued success