DETERMINANTS OF EMPLOYEE TURNOVER INTENTIONS THE CASE OF JAY JAY TEXTILE FACTORY

Abstract

The rate of employees enter and withdraw from organization has become a source of concern to HR manager. Turnover intention is defined as an employee’s intent to find a new job with another employer or organization. Turnover intention is basically the manifestation of one's inner feeling about his or her job. The main objective of this study is to identify the major factors influencing employee turnover in JAY JAY textile factory PLC. To obtain information relevant to the study Primary data were collected through the use of questionnaire to the employees. Around 320 questionnaires were distributed and almost all questionnaires were successfully collected from the respondents. The study used both descriptive and explanatory research design. In order to achieve the objective of the study and answer the research questions, mixed research approach was used (qualitative and quantitative research approaches).The study used simple random sampling techniques. Data were analyzed using a statistical package for social sciences (SPSS). The result of the findings indicated the key determinants of employee turnover intention were independent variables job satisfaction, salary and reward ,leadership, peer pressure, policy and family. Salary and reward is the most significant factor that influences turnover intention. The finding also indicated the following effects of turnover including loss of young, qualified and experienced employees. Similarly it was concluded that employees are dissatisfied with salary and reward, opportunities to develop and grow, involvement in decision making In Company, Peers not encourage working hard and the policy resolve existing challenges were core factors for turnover. It was recommended that managers revise salary and reward packages, and employee to participate in the decision making process. And also Job satisfaction level has a major effect to the level of turnover in the organization .So the company in order to satisfy its employee it must ensure that job placement according to skill, experience and qualification to bring organizational productivity.