An Analysis of Employee Retention Techniques of IRIS Fabrics Limited

Abstract

Organizations come in all different shapes and sizes, with more differences than similarities. However, one thing that all businesses have in common is their "achieved success," which is based on the skill, knowledge, and experience of its employees. Human resource department is the most crucial part of any organization which has to work with its manpower and resources. Different activities of the human resources are frequently used to assess performance of the organization. The responsibilities of this department includes the selection, recruitment, training, managing employee relationship as well as retaining their employees in the best possible ways. The purpose of this report is to describe the results of a three-month internship at IRIS Fabrics Ltd as required by the curriculum at Daffodil International University. This study is mainly based on the employee retention techniques of IRIS Group but also shows a clear view about overall HR activities in this organization. The whole report is separated into five parts for the convenience of readers. First part of this report is the introduction part which includes the introduction, research background, objectives of the study, methodology, sources of data and limitations of the study. Second part of this report contains the details and different information of the organization. Third part of this report contains the HR activities, factors and techniques IRIS Group is using for their employee retention. Analysis and findings and also the recommendation are stated in fourth and fifth part of the report based on the data collected through their service books, face to face conversations with employees and staff and also from the questionnaire. It is found that most of the employees are satisfied with their working environment, benefits and different facilities that are provided by the organization. All the data that is included in this report are obtained from the organization and also from the online articles, researches and books.