The Impact of Rewards on the Employee’s Retention

Abstract

The study focuses on analysing the relationship between institutional rewards and employee retention, with particular emphasis on the matchbox factory in the Kandy area. In this research objective the main objective is to investigate the impact of institutional rewards on employee retention in the matchbox factory. Data Analysis Techniques are Multivariate analysis and regression analysis were employed to analyse the main objectives and correlations found in the study. Data was collected through a questionnaire administered to 120 female workers in the matchbox factory in the Kandy area. The population of interest was female workers in the matchbox factory, and the sample consisted of 120 individuals selected using sampling techniques. The study revealed a significant relationship between institutional rewards, including salary, incentives, welfare facilities, and employment benefits, and employee retention. This relationship was found to be influenced by factors such as autonomy and the work environment.