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Running head:IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY Student Name: University Name: Note of the Author:
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1IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY Table of Contents Methods......................................................................................................................................2 Data Analysis.............................................................................................................................2 Demography...........................................................................................................................3 Quantitative Analysis.............................................................................................................3 Survey................................................................................................................................3 Correlation..........................................................................................................................4 Regression..........................................................................................................................4 Qualitative Analysis...............................................................................................................5 References..................................................................................................................................7 Appendices – A..........................................................................................................................9 Appendices – B........................................................................................................................10
2IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY Methods The automobile industry is experiencing a major employee exclusion nowadays that is having a massive effect on the production of vehicles. Hence, this research will identify the reasons behind the resignation of the employees and how is it affecting productivity. Mixed research is being carried over here i.e. both qualitative and quantitative research approach is adopted to understand the details of the employees and the reason behind their turnover(Lune & Berg, 2016). A sample of 50 employees is gathered from the organizations of the automobile industries and their general information is collected by the questionnaire method (Fremeth, Holburn & Richter, 2016). The data collected is directly obtained from the employees and thus this primary data is absolutely correct and reliable to depend on for the research(Pan et al., 2016). Apart from the data collection methods, two statistical technique namely correlation and regression is carried out for analysing the data accurately(Choudry et al., 2018). The correlation coefficient value determines whether the association is strong or weak depending their value range that differs from zero to (+1) and zero to (-1) respectively. However, if there is no relation between the two variables the value of the coefficient will be zero(Yadav, 2018). The factors that are responsible for the hampering of productivity due to turnover of staffs from an organization is determined by regression analysis in this study.The Likert- scale technique that varies in between five divisions are also incorporated to check how much the employees are agreeing with the factors. Finally, a content analysis is implemented to thoroughly discuss about the factors behind the turnover. Data Analysis
3IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY Demography The sample consists of 50 employees that were obtained by collecting randomly from the automobile organizations. The general information that the employees gave were their details about their gender, age and designation in their respective organizations. Amongst the employees, 21% were females and 29% were male employees that worked in the automobile sector. This analysis about the gender is done by calculating their frequencies that are generated in the pie chart. Amongst these employees, their designations were also obtained bystatisticallycalculatingtheirfrequencies.Thecategoriesofdesignationswere ‘Technician’,‘MiddleLevelManager’,‘Accountant’and ‘SeniorManager’. From the analysis obtained, it is seen that 28 of them were technicians and 12 of the staffs were Middle Level Managers. Amongst the rest of the employees, were five senior managers and five Accountants that kept the track on the finances of the company. Age was another criterion that were collected from the employees of the automobile organizations. From the sample collected, it is seen that the youngest employee is of age 29 years and the most senior employee is of age 65 years. While calculating the average age of the employees, the mean value of the age is approximately 48 years. All these personal information of the employees are used to create the demographic profile of the sample. Quantitative Analysis Survey From the survey that is conducted to understand the effect of staff turnover from the automobile industries, the four factors were considered for the reason behind the employee turnover. The first factor is ‘Work Life Balance’ that affects the employees at large. A percentage of 27 employees disagree with the fact that if there is immense work pressure it will not be the reason for the employees to leave the organization. However, 6% employees
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4IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY agreed to the fact that if they are pressurized with work, they will be bound to resign. Furthermore, the second factor was ‘Work Pay’ indicating the wages to be an important factor behind employee resignation. From the analysis, it is visible that 6% employees and 2% employees agree and strongly agree to the fact that if they are not paid as per their hard work, they will not work effectively and tend to leave their job someday. If the leaders do not effectively use the skills of the employees, 4% of the employees agree to the fact that they will try for some better organization to work for where they can experience their professional growth. Positive work environment is also demanded by 7% of the employees such that they can enjoy their work in the companies. Correlation All the factors that were considered to understand the reason for which the employees left the organization shares a strong correlation of significance level 0.001. From the statistical analysis, it is found that, the work life balance shares a correlation coefficient of 0.729signifyinghighcorrelationwiththeemployeeresignation(Jiang,2018).Ifthe employees are stressed with extra work, they will tend to leave the organization due to stress. The correlation coefficient of Work pay is 0.757 indicating that the work pay factor shares a strong association with the resignation of the employees(Ly, Marsman & Wagenmakers, 2018). Usage of skill sets also shares a strong relationship with employee turnover because the correlation coefficient is 0.761. The correlation coefficient of 0.761 also indicates that if the work environment is not positive, the employees will not be bound to serve the organization in the end. Regression The regression analysis is conducted to test the aftermath of the factors that are responsible for the exclusion of the staffs from the organizations(Lawrence, 2019). Two factors namely, the work pay and the work environment have a statistically positive impact
5IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY because the p-value is less than 0.005(Daoud, 2017, December). Hence, these factors have a strong potential role to play for the turnover of the members of an organization . Although the skill set factor does not have a proper effect because the p-level indicates 0.271(Gunst, 2018). However, all the three factors collectively has an effect on the work schedule of the employees that leads toexclusion of the employees. Qualitative Analysis Q1. Do you believe inter-personal relationship with employees matter when it comes to turnover? An employee spends a sufficient amount of time in his workplace. Thus they would expect a harmonious relationship with his co-workers, subordinates and seniors as well. If the leaders motivate the newcomers for their hard work, the new employee will be motivated to work better. Again, it is also the duty of the employees to listen to their seniors to maintain the discipline of the organization. These steps will make the inter-personal relationship amongst the employees better. Hence, it is the role of the management to look whether the employees are sharing a strong professional bond amongst them to enhance productivity. Q2. Do you think the employees resign when their spouses relocate? It is normal for a married employee to have a family to get back to at the end of the day. Now, when it comes to transfer of the spouse who is also a working member, either of them has to compromise their job to accompany the other one to another place. It is completely the wish of the employee whether he or she wants to relocate with their spouse or not and in maximum cases, they decide to relocate to keep their family bonding intact. Hence, if the spouse relocate, the employees tend to resign for relocation. Q3. What measures if undertaken will help the employees to retain for a longer time.
6IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY To hold the employees for a sufficient amount of time, the organizations should look into their psychological as well as the physical needs. Firstly, their leaders should recognize the effort of the employees such that they get motivated to work efficiently and improve their skill set for the mutual benefit of themselves as well as the organizations. Secondly, the work pressure should be balanced such that the employees can work under stress-free conditions. Thirdly, the companies should look into the professional growth of the employees by assigning them with tasks that will help them to increase their skill sets.
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7IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY References Choudry,S.A.,Müller,S.,Alber,U.,Riedel,F.,&Landgrebe,D.(2018).A multidimensional assessment and selection methodology: optimized decision-making ofjoiningtechnologiesinautomobilebodydevelopment.Procedia Manufacturing,21, 281-288. Daoud, J. I. (2017, December). Multicollinearity and regression analysis. InJournal of Physics: Conference Series(Vol. 949, No. 1, p. 012009). IOP Publishing. Fremeth, A. R., Holburn, G. L., & Richter, B. K. (2016). Bridging qualitative and quantitative methods in organizational research: Applications of synthetic control methodology in the US automobile industry.Organization Science,27(2), 462-482. Gunst, R. F. (2018).Regression analysis and its application: a data-oriented approach. Routledge. Jiang, W. (2018). A correlation coefficient for belief functions.International Journal of Approximate Reasoning,103, 94-106. Lawrence, K. D. (2019).Robust regression: analysis and applications. Routledge. Lune, H., & Berg, B. L. (2016).Qualitative research methods for the social sciences. Pearson Higher Ed. Ly, A., Marsman, M., & Wagenmakers, E. J. (2018). Analytic posteriors for Pearson's correlation coefficient.Statistica Neerlandica,72(1), 4-13. Pan, Y., Burnap, A., Liu, Y., Lee, H., Gonzalez, R., & Papalambros, P. Y. (2016). A quantitative model for identifying regions of design visual attraction and application
8IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY to automobile styling. InDS 84: Proceedings of the DESIGN 2016 14th International Design Conference(pp. 2157-2174). Yadav, S. S. (2018). Consumer Buying Behaviour Towards Automobile Industry in National Capital Region.Journal of Commerce,13(2), 39.
9IMPACT OF EMPLOYEE TURNOVER ON PRODUCTIVITY Appendices – A Quantitative Section 1: General Information GenderMaleFemale DesignationTechnician Middle Level ManagerAccountant Senior Manager Section 2: Factors influencing high turnover of employee Is the work life balance promoted and practiced in the company?SDDNASA Is the work pay adequate in relation to the responsibility?SDDNASA Are the skills of the employees in the company effectively used?SDDNASA Is the work environment in the company positive?SDDNASA Qualitative Do you believe inter-personal relationship with employees matter when it comes to turnover? Do you think the employees resign when their spouses relocate? What measures if undertaken will help the employees to retain for a longer time.
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