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Impact of reward management on employment retention
Background of the study:
In Today`s time, 21st century, one of the greatest challenges for any organization is to ensure their sustainability for a longer period in the dynamic business environment. Therefore, the retention of employees has become of paramount importance and a critical issue for an organization as there is extensive evidence regardless the team facing conservation challenges in today competitive labor market during the extreme economic downturn. The success and failure of every organization depend on the quality of people found in the body. During the last few decades, lots of research has been taking place to know the factors involved which can ensure their long time success in this competitive business field. Most of the researchers are concerned about human resources management, particularly in the employee retention which is the best hands ensures improved sales, customer satisfaction and can maintain balanced relationship between staff and management to generate overall growth of the organization. Recent research reveals that labor turnover rate has increased alarming rate over the last decade at 1.3% per months by Ramlall (2004) and even if, when unemployment rate is high, more 86% of employers were facing severe challenges to attract employees and more than 58% organization were failing to retain their employees by Hale (1998 cited in Ramlall, 2004)
The factors of reward management have a great correlation with employee retention. Compensation management is a term related to factors that can satisfy and motivate the employees to deploy themselves towards an organization to achieve an organizational goal, building up trust and being committed toward the organization, which can induce them to be retained long term in the group. Most of the organizations in public and private sectors rely on

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