FACTORS AFFECTING EMPLOYEE TURNOVER INTENTIONS OF EXECUTIVE LEVEL EMPLOYEES AT ABC APPAREL PVT. LIMITED

Abstract

Employee turnover has become a greater challenge for companies in a highly competitive business environment. This study has been carried out to understand the factors that affect employee turnover intention of executive level employees of ABC Company with 160 respondents. In this study, work stress, burnout, compensation and benefits, and growth opportunities were considered as the underlying reasons for turnover intentions.

This research is carried out according to a quantitative approach with a structured survey, used to collect data from executive level employees of ABC Company. Descriptive statistics, regression, and correlation analysis were used in conducting the data analysis for the current study. The findings indicate that there is a significant relationship between work stress, burnout, compensation & benefits, growth opportunities (independent variables), and employee turnover intention (dependent variable). According to data analysis, employees experience a high level of burnout and moderate level of work stress, while the employees are moderately satisfied with compensation, benefits, and growth opportunities. Further, it was identified that there is a significant impact of work stress, burnout, compensation & benefits, and growth opportunities on employee turnover intention.

This study shows the importance of addressing issues related to work stress and burnout through targeted interventions, such as implementing stress management programs, offering career counseling services, and fostering a supportive work environment. It is important to enhance employee growth opportunities and consistently update salaries, wages, and benefits in par with the industry’s benchmark and employees’ needs as well.

The research has different limitations as it focuses solely on ABC Company executive level employees. Also, the cross-sectional design does not capture longitudinal changes in turnover intentions or organizational dynamics over time. Hence, further research can be conducted to overcome these limitations and investigate more factors that contribute to employee turnover intention.