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This book is based on a study that is broadly related to the areas of Human Resource Management, with special focus on the relationship between HRM practices and Employees Retention mediated by Psychological Contract and Organizational Commitment. The Organization's ability to compete in the global market largely depends on the quality of its employees. Companies must consider their workers as important resources and take every measure to make them happy and satisfied. Despite many advances and innovations in technology, the IT/ITES industry still mostly depends on its workforce. IT industry is considered as one of the largest service-based employers in India. Today, there is a high demand for productive skilled workers in the IT industry. The supply of talented workers is limited because experienced and talented employees mostly find opportunities abroad and the cream of fresh Indian Software professionals from IIT and other premier institutions are often selected by the companies from USA, UK, and other European nations, to work in their countries. These recruitments and selections are done through campus interviews conducted during the last semester of their studies before these opportunities are thrown open to the job market. This book covers the following objectives: 1. To study and analyze the employees' perception on Human Resource Management Practices followed in the IT/ITES Companies. 2. To examine the employees' perception on Psychological Contract with the IT/ITES Companies. 3. To analyse the level of Organizational Commitment of employees towards the IT/ITES Companies. 4. To analyse the level of Employee Retention in the IT/ITES Companies. 5. To examine the mediating effect of Psychological Contract between Human Resource Management Practices and Employee Retention in IT/ITES Companies. 6. To evaluate the mediating effect of Organizational Commitment between Human Resource Management Practices and Employee Retention in IT/ITES Companies. 7. To examine the relationships among the Human Resource Management Practices, Psychological Contract, Organizational Commitment and Employee Retention in IT/ITES Companies. The first chapter deals with introduction followed by second chapter on the conceptual framework. The third chapter describes the review of literature. The fourth chapter is on research design followed by fifth chapter on the profile of the study. The sixth chapter is on analysis of data and seventh chapter on findings, suggestions and conclusion. Finally the bibliography and appendices are included.