The Effect of Motivational Factors on Employee Retention in Software Development Companies: The Case of Excellerent Technology Solutions
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Date
2024-09
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Addis Ababa University
Abstract
The main purpose of this research was to analyze the effect of motivationalfactors have on employee retention in Excellerent Technology Solutions
Ethiopian Delivery Center . The study used both descriptive and explanatoryresearch design and us ed mixed research approach. The study circulated 140
questionnaires throughout the study area, 122 of them were correctly complete dand returned, resulting in an 87 % response rate. Software Engineers, Quality
Assurance Engineers, Scrum Masters and Project Managers who worked in theselected company made up the study's target demographic . To gather the d ata, a
structured questionnaire was used. Both descriptive (frequency distributions,means, and percentages) and inferential statistics were used in the stud y .
S tatistical analysis was used to analyze quantitative data. The correlationbetween the variables and multiple variables was assessed using the Pearson
correlation coefficient. This analysis discovered that pay, supervision, fringebenefits, nature of w ork and communication have positive correlation with
employee retention while promotion, contingent reward, coworker andoperational conditions have negatively correlated . Further, the regression
analysis of the findings revealed that, pay and nature of wo rk have positive andstatistically significant impact on employee retention (β = 0.494 and p = 0.000
and β =.247 and p=.050) respectively while promotion β = =--.371 and p =.015 ),contingent reward β = =--.166 and p =. and operating conditions β = =--.673 and
p=.000) have negative but statistically insignificant impact on employee re tention.The rest variables supervision, fringe benefits, coworker and communication
have no impact on employee retention in software development companies inEthiopia.
Key words: Pay, promotion, supervision, fringe benefits, contingent reward,operatin g conditions, coworker, communication, employee retention.