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Estimation of Employee Turnover with Competing Risks Models

Author

Listed:
  • Grzenda Wioletta

    (Warsaw School of Economics, Collegium of Economic Analysis, Institute of Statistics and Demography, Madalińskiego 6/8, 02-513 Warsaw, Poland)

  • Buczyński Michał K.

    (Independent analyst, Tukana 11a, 02-843 Warsaw, Poland)

Abstract

Employee turnover accompanies every business organization, regardless of the industry and size. Nowadays, many companies struggle with problems related to the lack of sufficient information about the nature of employee turnover processes. Therefore, comprehensive analysis of these processes is necessary. This article aims to examine the turnover of employees from a big manufacturing company using competing risks models with covariates and without covariates. This technique allows to incorporate the information about the type of employment contract termination. Moreover, Cox proportional hazard model enables the researcher to analyse simultaneously multiple factors that affect employment duration. One of the major observations is that employee remuneration level differentiates most strongly the risk of job resignation.

Suggested Citation

  • Grzenda Wioletta & Buczyński Michał K., 2015. "Estimation of Employee Turnover with Competing Risks Models," Folia Oeconomica Stetinensia, Sciendo, vol. 15(2), pages 53-65, December.
    • Handle: RePEc:vrs:foeste:v:15:y:2015:i:2:p:53-65:n:4
    DOI: 10.1515/foli-2015-0035
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    References listed on IDEAS

    as
    1. Ian Gregory‐Smith & Steve Thompson & Peter W. Wright, 2009. "Fired or Retired? A Competing Risks Analysis of Chief Executive Turnover," Economic Journal, Royal Economic Society, vol. 119(536), pages 463-481, March.
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    More about this item

    Keywords

    employee turnover; enterprise; competing risks model; Cox model; partial likelihood estimation;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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