INFLUENCE OF REWARD SYSTEM ON TURN OVER INTENTION OF MILLENNIALS AT PRIVATE IT COMPANY

Abstract

Organization s biggest challenge is to maintain workforce, because workforce is not static rather volatile when they are not properly rewarded. Among them, retaining millennial workforce pose a big task of the organization provided if they recognized with reward. More often, they are part ways from the organization if their personal satisfaction does not meet with proper reward system.   In this context, the paper is intended to examining the influence of reward system for millennials and their turnover intention.  The study was carried out through standardized   questionnaire using stratified random sampling with descriptive research design from sample of 100 millennials. The study identified the factors of reward system which significantly influenced the turn over intention of millennials and it has found out that reward system influenced the turn over intention by administering linear regression model and correlation showed that there is a positive correlation between reward system and turn over intention.