Employees are critical in todays business environment. In this research employee
retention is the dependent variable, reward, and appreciation, workplace environment, training opportunities and employee participation are the independent variables. And employee satisfaction is used as a mediator and independent variables there are various statements related to this topic such as, studies dating back to Herzberg's5 have shown that there is strong relationship between high morale and high productivity, and it is very logical that if the workers will be more satisfied they will definitely add more value to an organization. A recent study by Raikes and Vernier (2004) analyzed that to retaining the employees is very beneficial for the organizations they are considered as a key strategy for the organization to accomplish financial targets. However, Abbasi and Hollman (2000) identified employee turnover as a very important factor for achieving the organizational objectives. There are also some others factors like management attitudes towards employees may also be favorably influenced by participative activities under which managers and supervisors by allowing employees to participate in the organizational activities can increase the percentage of retention of employees (Marchington, 2000). Employee turnover considered as monetary costs for employee replacement as well as many hidden costs and consequences. Regarding monetary costs, losing employees can cost a company as much as six (6) months salary for hourly employees and eighteen (18) months salary for professionals (Thornton, 2001). (Galunic and Anderson, 2000) states that in todays competitive business environment, it is important for the companies to concentrate on retention, gain the commitment of their employees, and manage employee turnover. Research by Ernst and Young said that attracting and retaining the employees are two of the eight most important things investors use when they are judging the value of any company. Numerous surveys have been conducted to determine what are the factors which can influence on the retention of employees, and the results have varied among surveys. Culture of Organization also have affect on the employee retention. Organizational culture, defined as the beliefs, cornerstone values, norms, standards, and assumptions concerning work that members of an organization share in common, has a basic effect on the motivation of employees to continue working for their employers (Mainiero, 1993). Autry (2003) also found a relationship between personal-organizational fit, job satisfaction and intent to stay. In a time where pay and benefits are expected, an organizations culture play very important role it can be the deciding factor in an employees decision that he has to remain with their employer or to leave. The importance of the study for the audience will be, they will find more search on this topic related to Pakistan. The purpose of my study is to identify the factors which can affect the retention of employees of the organization. Different people said about the factors which affect the employee retention for example about reward the reward is something which is given by the organization to the employees in response of their contributions and exillent achievements and also something which is desired by the employees stated by (Agarwal, 1998). It is very important that the rewards have always long lasting impression on the mind of employee and it always create the perception in the mind of employees that they are being recognize by the company and valued (Silbert, 2005).and some people said about the importance of work place environment like, Work place environment is one of the most important factors that affect employees decision to stay or to leave the organization (Zeytinoglu & Denton, 2005). Milory (2004) said people always enjoy working in those organizations, and strive to work in those organizations that provide positive and healthy work environment where they feel they are making difference. Now about the training opportunities, Bartel (1995) find that if employee gets more chances to get training it will definitely in favor of the organization because employee training increases greatly the employee retention for a firm. Employee retention is very important in todays organizations and most of the organizations are facing the problem how to retain the employees. If any company that wants strong and long lasting relationship with its employees must invest in the development of their employees (Hall & Moss, 1998; Hsu, Jiang,Klein & Tang, 2003; Steel et al., 2002; Woodruffe, 1999).employee participation is also important factor for the retention of employees and in the past research people said about the participation . Employee Participation is generally defined as a process in which company allow those employees to participate in the company decisions who are otherwise hierarchically unequal so that they feel themselves part of the company and it create positive affect in their minds(Locke and Schweiger, 1979; Wagner, 1994). Employee Participation increase the job satisfaction of the employees (Cotton et al 1988; Norton 1989).all these factors leads to job satisfaction, Dawis and Lofquist (1984) defined job satisfaction as the result of the worker appraisal of the degree to which the work environment fulfills the individuals needs. And job satisfaction leads to employee retentions. This study shows the affect of different factors on employee retention in educational sectors. And the factors which are going to study are affecting of reward, workplace environment, training opportunities and employee participation on employee retention. Different studies have been done on this topic but I want to do this in Pakistan in Lahore and in educational sectors. And the importance of my study will be for employees of educational sectors in Pakistan. Possible use of research will be different organizations will get to know that what are the major factors which will help them to retain their employees. Main focus of the study will be the employee of educational sectors. This research will contribute towards a contemporary issue of human resource management that is factors affecting on employee retention in educational sectors. The research will analyze the factors related to employee satisfaction and its impact on retention of employees in educational sector. This study provided an opportunity to broaden the knowledge on employee retention by including a complex model of employee retention with the mediation variables of employee satisfaction. This study will also give the conceptual meaning of the relationship between employee satisfaction and employee retention in educational sectors. This study will helpful for that organization which are still not giving attention to those factors which can affect the employee retention.