Published Paper Details:

ABSTRACT Employee retention is a crucial concern for organizations striving to maintain a skilled and committed workforce. Among the various factors influencing retention, compensation remains one of the most significant determinants of employee satisfaction and loyalty. This study, titled "a study on the impact of compensation on employee retention at tvs training and services ltd.", aims to examine how different components of compensation--monetary and non-monetary-- affect employees' decisions to stay within the organization. The research is based on primary data collected through structured questionnaires administered to employees across various job levels at tvs training and services ltd. Normality test was conducted and it was found that the data does follow normal distribution, therefore non-parametric test was conducted. Non- parametric test was conducted using (H-test, Spearman's rank correlation). It explores the employees' awareness and perception of compensation, evaluates the satisfaction level with current pay and benefits, and analyzes the effectiveness of existing retention strategies. The study also identifies the most valued compensation and benefit components, as ranked by the respondents. Findings from the study indicate that while salary plays a major role in retention, non-monetary benefits such as career growth opportunities, recognition, and work-life balance also significantly contribute to employee engagement. The research concludes with suggestions for enhancing compensation strategies to improve retention rates and overall organizational performance. The population for this study is 300. The number of samples taken for the study is 170.