Employee turnover: an HR risk with firm-specific context

ABSTRACTThe purpose of this paper is to determine the elements that have the most significant influence on employees’ decisions to remain engaged and employed at a particular firm. Moreover, the paper seeks to describe the importance of retaining critical core employees and developing strategies to enhance employee retention practices. The results of this exposé can be used by firms to: (a) develop policies, practices and strategies that would enable the firm to identify key risk indicators, which allow management to capture the early warning signs of employee disengagement; (b) secure higher levels of employee retention; and (c) create greater efficiencies in meeting strategic business objectives.