FACTORS DETERMINING EMPLOYEE TURNOVER INTENTIONS: IN CASE OF PETRAM PRIVATE LIMITED COMPANY

Abstract

Organizations worldwide relay on their employees in order to gain competitive advantage, and they are the main sources for organizations in meeting objectives. One way of achieving this is to reduce staffs turnover. Thus, the theme of this research is Factors Determining Employee Turnover Intentions: In Case of Petram Private Limited Company, considering demographic characteristics, external environment, and individual and organizational variables with the objective of examining the level of turnover intention among employees of the company, assessing the significant factors determining turnover intentions and see how intention among employees of the company vary based on demographic attributes. The methodology/research design followed was descriptive research and inferential analysis. To collect data for the study, questionnaire was designed and distributed to employees of the company and was analyzed using descriptive statistics and inferential analysis using SPSS version 20.0. The analysis indicated that the level of turnover intention of employees of Petram PLC was high and highly influenced by external environment. Also, there was statistically significant difference in levels of turnover intention between Degree holders and above and Diploma holders or below, and among Divisions in the company. Accordingly, these results show that the company is at high risk of employee turnover which in turn will leave the company with huge costs such as loss of competitive advantages. It is best recommended to increase the interaction between managers and employees in staff meetings and increase guided discussions of topics related to these issues. This is to say that the concerned bodies need to identify employees’ perceptions on current policies and administrations through discussion, regular review meetings, and interviews in such a way that leads to designing or taking corrective measures and in turn create ownership feeling on the staff members of the organization. Thus, the responsible body may find these findings worthwhile for corrective actions as the researcher has put some valuable recommendations.