The study also identifies the six most important compensation components from an employee perspective. The results show the highest mean for bullying factor and work harassment, considering the age-group greater than 60. The online survey link was disseminated via 500 email addresses with the assistance of the human . Studies conducted worldwide identify increased bullying factor in organizations [29]. The employees tend to stay in an organization when they have good communication skills and strong support from supervisors. Skilled human recourses enable an organization to excel and achieve its objectives efficiently [1, 2]. Retaining skilled employees has always been a major concern for any organization across the globe. In this context, the work in [43] presents a case study of Hong Kong and China. Work performance is another factor that has an impact on employees and the organization. The author finds that low factor loadings indicate low engagement scores at the beginning of the career. However, they consume different amounts of execution time. Supervisor support is defined as a relationship between employees and managers, and it is a factor that has huge impact on the employee retention. A survey was conducted mainly within four sectors, namely health care, business, academics, and banking sector, to collect the data. In your organization, the rewards for success are greater than the penalties for failure? Instruments of Human Resources in the view of current developments. This research can extend to multiple countries, and the effect of various cultures on the employee retention can be studied. SCMS J Indian Manag 12(3):94, Deery M, Jago L (2015) Revisiting talent management, work-life balance and retention strategies. The present study is cross-sectional in design, where data are collected at a specific time from the employees. Some examples include employees who retire, move, or are laid off. The aspect of training and development was not considered in this work. These theories are further linked with factors like motivation, recognition and reward, bullying and work harassment. Factors Influencing Job Satisfaction in Hospitality Industry The focus here was to identify factors to improve employee retention strategies based on the computational methods. This work aims to bridge this gap. Is your attitude toward your job favorably influenced by the benefits you receive? https://doi.org/10.1016/j.apnr.2020.151297, Aggarwal N, Satyam MK (2020) The employees perception on formulation and implementation of HR retention strategies-an analytical study in hospitality industry of Garhwal and Kumaun Region of Uttarakhand. Through these techniques, policymakers can benchmark best practices for employee retention. Employees are frustrated due to the ongoing condition of the company due to which they don't feel like working. Do you think performance appraisal system of your organization is effective? This suggests that the employee retention factors vary between various countries and economies. https://doi.org/10.1007/s42452-020-03415-5, DOI: https://doi.org/10.1007/s42452-020-03415-5. Employee Turnover & Retention | Factsheets | CIPD Additionally, the majority of the past work utilizes the computational methods to gain insights about the employee retention. Are employees treated with respect in your organization? Are you satisfied with the way your pay rises are determined? The figure indicates that kDCI is quicker that AIM in finding the frequent itemsets. Lahore is one of the known cities of the Punjab province, the populationwise largest province of Pakistan, where people are struggling to be retained in their organization, and most of the research data were collected from this zone. Master's thesis, University of Waterloo. Do you think it is important for you to be recognized for your work? Safe And Motivating Work Environment To Boost Retention Int Migr Papers 44:25, Alon I, Boulanger M, Elston JA, Galanaki E, Martnez de Ibarreta C, Meyers J, Muiz-Ferrer M, Vlez-Calle A (2018) Business cultural intelligence quotient: a five-country study. RQ1: Which factors do the computational techniques identify as crucial for retaining employees and what is the relationship between those factors across multiple sectors in the developing countries? The work in [16] presents a study on employees perception on formulation of human resource policies. Among the respondents, 45.6% were single and 54.1% were married. The impact of high-performance work practices on workplace bullying. Firstly, all forms were distributed in multiple organizations and within one-month the forms were returned. The Statistics Package for Social Science Software (SPSS) is also used to analyze the data. The data analysis was divided into six stages: These include (a) loading raw data from the survey forms to a text file, (b) analysis of data through one-way ANOVA, (c) identification of correlating factors through frequent items mining (FIM), (d) analysis of data through exploratory factor analysis (EFA), (e) analysis of data through Pearson correlation (PC), and (f) analysis of data through regression analysis (RA). Methods A cross-sectional survey was . IUP J Manag Res 11(4):37, Ovadje F, Muogboh O (2009) Exploring the motivation to stay and to perform among managers in Nigeria. This study focuses on various factors such as working environment, organization commitment, reward and recognition, work performance, supervisor support, income, bullying, and work harassment for employee retention. This is done using employees feedback and various computational techniques. The factor work performance has a significant difference where the mean value for males is 2.45 indicating their agreement and females have a mean of 2.90 that shows they neither agree nor disagree. Organizations, today, are not only competing for customers, but also for employees. The factor . Lathams theory not only provides a chronological history of motivation theory and practice, but also presents an insider view on leadership and motivation. 1. (PDF) Factors Affecting Employee Retention - ResearchGate Table 10 lists the results of this. Both primary and secondary methods were used for data collection. Quantitative research is to be carried out for a huge number of population, and they are tested by mathematical and statistical instruments. Eur J Work Org Psychol 10(4):443465, Halim Z, Atif M, Rashid A, Edwin CA (2019) Profiling players using real-world datasets: clustering the data and correlating the results with the big-five personality traits. Employee Satisfaction Questionnaire: 15 Questions you must ask! Do you consider your work load to be quite fair? It is important for the researchers to test the result of hypothesis, and it is also important to collect data through secondary methods to save time. Primary data collected The economic circumstances and market forces in the world have an impact on the employees decision to stay or leave an organization. By applying EFA on two categories of experience, the results show that these factors can further be divided into three groups. Research Proposal: Employee Turnover and Retention - Desklib Their study is based on a dataset constructed over a period of five years by obtaining data from university employees. The objective of the study is to examine the factors affecting employee retention in IT industry at Bangalore city. Most of the organizations strive to keep their employees satisfied to reduce their turnover rate. The benefits you receive provide you (and your family) with a sense of security? Is your organization interested in motivating the employees? Understanding globalization, employment and poverty reduction. Their uplift model is based on a machine learning classifier, i.e., random forest. Kashyap and Verma (2019) explored the effect of the dimensions of employer branding (social, economic, etc.) Organizations are therefore in a need to find ways to reduce their turnover rate. PDF A Study of Effect of Employee Retention on Organizational - HRMARS The theoretical framework of this research is specifically based on the work of Latham [47]. How satisfied are you with the differences in pay among jobs in the organization? Improve employee performance and reduce turnover rates by utilizing a questionnaire. The highest mean and standard deviation of supervisor support are also for the hotel industry, and the lowest mean and standard deviation are that of the telecommunication department. Ritter et al. Factsheet 01 Nov, 2021 10 minutes All locations Talent management Employee turnover can have a negative impact on an organisation's performance. This study was only limited to the boundaries of Pakistan. J Behav Appl Manag 9(2):226, Nafei WA (2014) Assessing employee attitudes towards organizational commitment and change: the case of King Faisal Hospital in Al-Taif Governorate, Kingdom of Saudi Arabia. https://doi.org/10.1109/TCBB.2020.2966703, Chiu RK, Wai-Mei Luk V, Li-Ping Tang T (2002) Retaining and motivating employees: compensation preferences in Hong Kong and China. James and Mathew (2012) in their research on employee retention in the IT sector, highlighted the following retention strategies: reward and recognition, training and development. The working environment`s B value is 0.294, which means that this factor has 29.4% of an impact on employee retention. (PDF) Factors Affecting Employee Retention: Proposing an Original Higher rate of commitment level of the organization results in lower turnover. Are you satisfied with support of human resource department? Debates on employee rights, such as medical cover [49, 50], provisions of sabbaticals, data protection, diversity management, investing in human resource through training and development programs, etc., are still isolated practices only functional in a handful of multinational organizations in the developing world. Loosing skilled and experienced workers reduces organization's productivity and profitability. Such organizations believe that reward and recognition keep employees motivated for future performance. Do you feel as if this organizations problems are also your problems? 2.1 Retention Factors for all Employees Agrela, et al (2008) states the need to focus on the factors that affects retention leading to growth and success . Does your job allow you to recognize opportunities? Thunderbird Int Bus Rev 60(3):237250, Latham GP (2012) Work motivation: history, theory, research, and practice. COVID-19 and the employee experience | McKinsey 20 Employee Retention Survey Questions You Need to Ask and Why lost productivity new employee training and onboarding effects on decreased employee morale. Questioners are the primary data source in this research. A few works have not mentioned their sample size; therefore, this field is left blank in the table. It can be observed that the present work utilizes data mining methods and covers multiple domains as compared to the past works. A key finding is that good engagement results in higher retention in the developing countries. Policies and practices addressing organizational commitment and satisfaction shall not only ensure that talented employees are retained in the organization, but shall also attract new and budding talent more effectively and efficiently. 20 employee retention survey questions you need to ask and why - Officevibe
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