BIVARIATE ANALYSIS OF THE RELATIONSHIP BETWEEN HRM PRACTICES AND CHANGE MANAGEMENT PROFILE WITH REFERNCES IT COMPANIES.

Abstract

India’s economy has grown to a great extent which has been accompanied by the information technology growth. The IT industry is growing undoubtedly and the economy is growing along with it. Although there is growth in this industry and this industry is adding a lot to the overall development of the country, it has been observed that the IT industry is facing some challenges. They explored the dimension of attrition by stating some of the factors as the leading factors of attrition in IT industry. The revolution in the technological front has helped the IT industry to grow tremendously. They have become the master and the core of all other business in the marketplace Human Resources Management (HRM) play important role in retention of employees.HR managers have to identify the right retention strategies which their employees perceive to be effective. Good HRM practices in the area of compensation, reward, career development, supervisors’ support, and culture and work environment can help to improve retention. An employee is the most important asset for any organization. So, whether it is a Private or Public organization, every organization needs employees to survive in the marketplace. No organization can survive at any cost without its committed and loyal employees. Change management profile will play a key role in ensuring projects (change initiatives) meet objectives on time and on budget by increasing employee adoption and usage. In this research paper we are describing the bivariate analysis of change management profile in IT sector produces better performance of improve competency and retention of employees. Bivariate analysis will show the impact of HRM practices and competency practices on IT companies.