Abstract:
This study was conducted in the subsidiary company of a multinational corporation. With the research problem: How do motivational strategies affect employee retention in Company X?, the aims of the study were to determine how employees from different age groups perceive the importance of motivational strategies, to identify the strategies that contribute to their motivation to stay with the organization, to determine the relationship between motivational strategies and employee retention, and if employees want to stay with the organization. To address the aims of the study, a survey was administered to ninety (90) regular rank-and-file employees. The survey sought to examine their perceptions on the importance of motivational strategies and the strategies utilized by the management, and their intention to stay with the organization.
In this study, results revealed that the importance of each motivational strategy varies per age group. All motivational strategies contribute to retention of employees, indicating a significant relationship between the strategies and employee retention. Lastly, it was found that employees significantly want to stay with the organization but intention to stay is relatively low. These findings led to the conclusion that even though the motivational strategies utilized by the management contribute to employee retention, if the needs perceived most important by employees are not well-addressed, then their intention to stay will still be affected.
