• Faria Iqbal

Organizations are in process of gaining, regaining and sustaining competitive advantage in order to exist till the foreseeable future. No other asset but human resource ensures the above. The attraction of right talent is important but retaining that right talent is even more important. Employees are among one of the precious assets of an organization and an organization can never afford to lose its top performers. Even with the advancement of technology, the role of human resource could not be ignored to run that technology. Implementation of effective retention strategies can be helpful in reducing employee turnover and increasing employee retention within an organization. The objective of the present study is to review the literature and research work available on employee retention and the effect of HRM practices such as compensation and work life on employee retention. For the purpose of the present study, only secondary data has been used. The secondary data has been gathered through the internet, journals, etc.

Human resource, Employee retention, HRM practices, Compensation, Work –Life balance

"Effect Of Compensation And Work-Life Balance On Employee Retention :A Literature Review", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.80-86, February-2019, Available :http://www.jetir.org/papers/JETIR1902A14.pdf

"Effect Of Compensation And Work-Life Balance On Employee Retention :A Literature Review", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp80-86, February-2019, Available at : http://www.jetir.org/papers/JETIR1902A14.pdf