Open AccessImpact of Competency Management on Employee Self-development for Retention in Large Scale Industries
Author(s) -
Vuppalapati Vijaya Venkat,
Roohi Kursheed Khan S.
Publication year - 2022
Publication title -
webology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.259
H-Index - 18
ISSN - 1735-188X
DOI - 10.14704/web/v19i1/web19262
Subject(s) - competitor analysis , employee retention , happiness , business , marketing , scale (ratio) , employee research , automotive industry , employee engagement , management , engineering , psychology , economics , social psychology , physics , quantum mechanics , aerospace engineering
An organization which grows with the employees of long-time existing will create a historical success story. The creation of emotional bonding between employee and employer is the significant role of HR in a company. The automobile industry is India’s one of the largest sectors and placing a fourth largest market globally. Employee retention is very mandatory in the automobile industry because of competitors, day-to-day innovations, and migrant employees. This study is specially focused on the influence of competency assessment and employee self-development for workplace happiness among 72 Managers and 95 Engineers of various automobile companies & ancillary companies in India. Statistical analysis is carried using the statistical tool IBM SPSS 20. The outcome of the study insists that reward programs, promotions, and self-development programs must be organized regularly. The study concludes that competency assessments and self-development have a strong positive impact on workplace happiness, leading to employee retention.