Impact of Compensation to Employee Retention of Mega Jug Phils. Inc in Malabon City: A Basis for Improving Employee Retention Program

Vol.4, No.1

Abstract

Nowadays, taking care of the welfare of employees is very important in order to ensure they
do hard work toward organizational goals. The aim of this study is to establish the impact of
compensation on employee retention. The objective of this research is, firstly, to evaluate the
level of employee retention. Secondly, this research examines the relationship between
compensation and employee retention. Lastly, determine the effect of the compensation on
employee retention. This research is carried out at Bestlink College of the Philippines.
Based on the result, the researchers conclude that there is no significant relationship
between compensation and retention. Based on the results presented, the researchers came
up with the following recommendations such as open communication between employees
and management. Hold regular meetings. The employer should keep in mind the Employee
Compensation strategy depending on the age of the employees. Employers can conduct
employee surveys to get feedback on the current compensation package. A transparent pay
policy can also help boost employee morale and trust in management, showing the company
compensates its employees fairly, gives at least one jug additional for referral commission,
Keeps giving the proper benefits for employees, and lastly, keeps giving the best pay
structure for employees.