THE RECOMMENDATIONS IMPROVING THE MORALE OF EMPLOYEES IN SELECTED SMALL ANDMEDIUM SIZED ENTERPRISES IN BA RIA – VUNG TAU
Journal Title: European Journal of Business and Social Sciences - Year 2016, Vol 4, Issue 12
Abstract
Employee loyalty has always been a matter of concern for organizations. A large degree of employee turnover is highly detrimental to both the organization as well as the employees. Loyalty has an impact over the organization’s costs relating to recruitment and selection, personnel process and induction, training of new personnel and above all, loss of knowledge gained by the employee while on job. The main objective of this paper is to identify all the main factors that affecting morale of employees in selected small and medium sized enterprises in Ba Ria - Vung Tau. the researchers had used analytical method of explore factor analysis to determining factors that are components of the morale of employees. This paper conducted during the period from March 2014 to March 2015. Besides, the research results showed that there were 500 persons who interviewed and answered about 25 questions (but 471 persons processed). The researcher had analyzed Cronbach's Alpha test, the result of KMO analysis used for multiple regression analysis. The results showed that there were five factors, which included of factors following Superior Relationship (SR), Job Development Opportunity (JO), Income Policy (IP), Interested Job (IJ) and Working Environment (WE) affecting the Loyalty of Employee at SMEs in Ba Ria - Vung Tau province with significance level 5 %.
Authors and Affiliations
Pham Ngoc Hai| CEO of Nam A Investment Joint Stock Company
Keywords
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