Evaluating the Role of Strategic Human Resource Practices in Retaining Employees: A study on Selected Chemical Industries in Visakhapatnam

Abstract

Employee retention is a critical challenge in labor-intensive industries such as chemicals. This study investigates the impact of Strategic Human Resource Management (SHRM) practices on employee retention in selected chemical industries in Visakhapatnam. Using a quantitative approach, data were collected from 290 employees through a structured questionnaire. Statistical techniques including correlation, regression, ANOVA, and factor analysis were applied. The results indicate that SHRM practices—training and development, compensation, performance management, and work environment—significantly influence employee retention. Employee engagement and job satisfaction were found to mediate this relationship. Hypothesis testing led to the rejection of the null hypothesis, confirming a significant relationship between SHRM practices and retention. The study offers practical implications for improving retention strategies.