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Turnover Intention Models on Generation Z

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Resumo(s)

Turnover and Retention are becoming hot topics for professionals in Human Resources, but also for Management teams in organizations once the control of these two indicators is essential to keep competitive advantage in terms of talent management and achievement of business goals. The cost of losing a talented employee is high and it is not only monetary, so organizations must study the major factors that influence the decision of leaving a company in order to better manage their workforce, particularly in the young generation that is emerging – Generation Z and which estimates indicate that will surpass Millennials in the long term. Latest studies have shown that the intention to leave or stay in a certain organization depends on a multiplicity of factors with different degrees of explanation considering context. The main purpose of this study is to understand what those factors and their degree of explanation in the contemporary world are as long as the main differences of Generation Z when compared to previous generations. For that reason, this study proposes a theoretical model that aims to verify the impact of Learning & Development opportunities, Compensation & Benefits, Work-life balance, Organizational Climate, Job Satisfaction and Years of Work Experience in the company on two dependent variables which are Turnover Intention and Retention. In order to conduct this research, the sample was currently employed, and the theoretical model was validated using structural equation modeling (SEM). A multigroup analysis was also made to guarantee closer insights on the generation in analysis. The results indicate that Job Satisfaction has impact both on Turnover Intention and Retention, with negative and positive effects respectively. Work-life Balance has a negative and significant effect on turnover intention and Organizational Climate has a positive and significant effect on retention. The Years of Work Experience in a certain company does not explain turnover intention but has a positive effect on retention. It was also possible to identify the main influencers of Job Satisfaction, which are L&D Opportunities, Compensation & Benefits, WLB and Organizational Climate. The unique significant difference found between Gen Z and the other generations is the impact of Organizational Climate. This research helps organizations to adapt and improve HR practices in order to meet Gen Z employees expectations and consequently improve job satisfaction and promote continuance in the workplace.

Descrição

Dissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Information Systems and Technologies Management

Palavras-chave

Generation Z Job Satisfaction Employee Retention Turnover Intention SDG 8 - Decent work and economic growth

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