The concept of organizational culture has recently captured the interest of practicing managers as well as academic researchers. This appeal is based on the observation that a strong productive culture is associated with increased sales growth, profitability, employee satisfaction and overall organizational performance regardless of where the organization is physically located. Employee retention is a critical component in managing human resource flow. In this era of unpredictable market and organizational changes, organizations must create an environment where today's top talent can thrive. The intent of this paper is to present a comprehensive view of the organizational culture through literature survey and case study, uncovering the various aspects of employee retention and debating on the issue whether organizational culture has its impact on employee retention. This would further help in establishing a linkage between organizational strategy and human resource planning.