Factors Contributing to Millennial Employees' Turnover Rates
Journal Title: International Journal of Current Science Research and Review - Year 2024, Vol 7, Issue 06
Abstract
Millennial employees in the bakeshop industry exhibited high turnover rates primarily due to the need for a safe work environment, recognition, and opportunities for promotion. The study focused on the factors contributing to millennial employees’ turnover rates. This study employed a quantitative, non-experimental, correlational design to investigate turnover intention among millennial employees in the bakeshop industry in Cebu Province. Data were collected via a researcher-made questionnaire from 34 randomly selected millennial employees. Analysis through descriptive statistics, chi-square tests, and weighted means revealed that millennials, who formed a significant portion of the working class, tended to leave their jobs if their specific needs were not met. The primary factor driving their turnover was self-preservation, with employees prioritizing a safe and healthy work environment. A workplace free from injuries and accidents not only attracted but also retained employees, leading to reduced absences and increased productivity. Consequently, a commitment to health and safety by employers enhanced employee retention and reduced business disruptions. Additionally, recognition and opportunities for promotion were crucial for retaining millennial employees. They were likely to leave if they felt undervalued or saw limited promotion opportunities. Training and development were less significant than promotions in influencing their decision to stay. The study also found that changes in management or internal talent management practices had minimal impact on retention, provided the work environment remained stable and employees were treated well. Overall, addressing millennials’ needs for safety, recognition, and career growth was vital for reducing turnover rates in the bakeshop industry.
Authors and Affiliations
Alan Jesus P. Salmero,
Keywords
Related Articles
- EP ID EP738193
- DOI 10.47191/ijcsrr/V7-i6-67
- Views 44
- Downloads 0
The Impact of Brand Awareness, and Product Attributes to Increase Purchase Intention (Study Case: Transvision)
In the dynamic landscape of the Indonesian television industry, the rise of over-the-top (OTT) services poses a major challenge to traditional pay-TV providers such as Transvision. Intense competition from emerging OTT p...
An Advanced Machine Learning Approach for Enhanced Diabetes Prediction
Diabetes is a chronic health condition affecting millions globally, causing severe complications and burdening healthcare systems. Current machine learning methods for diabetes prediction face challenges such as data imb...
Evaluation of Dry Matter, Organic Matter and Crude Protein Digestibility in New Zealand White Rabbits with Different Sludge Percentages
This study aims to determine the effect of the addition of sludge with different percentages in the ration of New Zealand White rabbits on the digestibility of dry matter, organic matter and crude protein produced. sludg...
Financial Analysis for Land Reinforcement Project to Optimize Dump Capacity INL Pit Case: Coal Mining Company PT. XYZ East Kalimantan
PT XYZ, a leading coal mining company in Indonesia located in East Kalimantan, boasts a production capacity of 55 million tonnes annually. Engaging in coal mining and sales for domestic and international clients across d...
Value Vs Growth Stocks: A Literature Survey
Over the years, investors have resorted to various strategies to beat the market and obtain superior gains. Value investing is one such strategy. The principal objective of value investing is to find undervalued stocks a...