Exploring The Influence of Strategic Human Resource Management and Hybrid Work Practices on Employee Retention: Evidence From Selected IT Companies in Coimbatore

Abstract

The present study aims to investigate the influence of Strategic Human Resource Practices and Hybrid Work Situation on Employee Retention in selected Information Technology companies. The study has been conducted among two hundred and fifty employees using a questionnaire with fifteen items measured in a five-point Likert scale. The factor analysis was used to explore the data, from which four factors were extracted with eigenvalues greater than one. Kaiser-Meyer-Olkin measure of sampling adequacy was 0.817, and Bartlett’s Test of Sphericity was significant (χ² = 1278.84, p < 0.05**). The factors explained 60.3 per cent of the variance in the data, which was considered satisfactory. In detail, Factor 1 explained 33.14 per cent of variance and related to hybrid work and employee experience, Factor 2 explained 11.68 per cent of variance and referred to recruitment and employee development, Factor 3 explained 8.52 per cent of variance and related to performance and recognition, and Factor 4 explained 6.96 per cent of variance and associated with rewards and organisational support. The study analysis to an understanding of factors affecting hybrid work environment on employee retention in the IT sector.