The impact of employee benefits on job satisfaction and retention: Internship report

Abstract

Employee benefits play a crucial role in shaping job satisfaction and retention. This internship project investigated these relationships at NHPC Limited, a public sector organization in India. Through a comprehensive employee survey and company data analysis the project aimed to understand employee sentiment regarding benefits, job satisfaction, and intention to leave.The analysis revealed a moderate positive correlation between employee benefits and overall job satisfaction. Work-life balance was identified as a top priority for many employees. While retention rates were within industry averages, a pocket of employees expressed a higher likelihood to leave.Based on these findings, the project report concludes the outcome and detailed the approach of survey analysis. Future research opportunities include analyzing factors influencing employee departures, evaluating communication strategies for benefits, and exploring demographic variations in employee needs.This project empowers NHPC with data-driven insights to make strategic decisions regarding their employee benefits program, ultimately fostering a more satisfied and engaged workforce with a higher retention rate.