Abstract:
The Information Technology (IT) sector in Sri Lanka has been growing rapidly in
recent years. However, employee retention in this sector has become a significant
concern. The high turnover rate in the IT sector can lead to a lack of experienced
workers, increased recruitment and training costs, and thereby a decrease in
productivity. This research scrutinizes the factors that impact employee
retention in Sri Lanka's IT sector. The study centers on three independent
variables: selection and recruitment, employee motivation, and training and
development, aiming to discern their collective influence on the dependent
variable of employee retention. Employing a deductive research approach, the
study forges a theoretical framework grounded in existing theories and
supported by relevant literature. This quantitative research study disseminated
a structured questionnaire among 384 IT sector employees in Sri Lanka under
the simple random sampling method. The findings revealed that employee
retention is significantly influenced by selection and recruitment, employee
motivation, and training and development. Based on the findings, the study
emphasized the requirement of developing strategic interventions that foster
enhanced retention practices by strengthening selection and recruitment
practices, employee motivation, and training and development, propelling the
growth and vitality of the IT sector's workforce.
