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Research shows offering excellent compensation and job security makes South Korean employees much less likely to quit jobs

Research shows offering excellent compensation and job security makes South Korean employees much... The researcher wanted to study the effect of HRM practices on turnover in a South Korean context. Previous studies have focused on Western contexts.Design/methodology/approachThe author collected data from 310 white-collar and knowledge workers from Seoul. A set of five hypotheses were testedFindingsThe results showed that offering excellent compensation and job security made employees much less likely to leave. However, the indirect effect of job autonomy was not found to be significant.Originality/valueThe study has theoretical implications for workplaces. First, the findings show compensation satisfaction is of crucial importance and HR retention strategies should focus on how employees perceive their pay, benefits and pay policies. Second, the results show that HR managers and top-level executives should make job security a primary concern. For example, they should provide accurate and honest information” about the causes and actions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Human Resource Management International Digest Emerald Publishing

Research shows offering excellent compensation and job security makes South Korean employees much less likely to quit jobs

Human Resource Management International Digest , Volume 29 (5): 2 – Aug 19, 2021

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Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
0967-0734
DOI
10.1108/hrmid-02-2021-0038
Publisher site
See Article on Publisher Site

Abstract

The researcher wanted to study the effect of HRM practices on turnover in a South Korean context. Previous studies have focused on Western contexts.Design/methodology/approachThe author collected data from 310 white-collar and knowledge workers from Seoul. A set of five hypotheses were testedFindingsThe results showed that offering excellent compensation and job security made employees much less likely to leave. However, the indirect effect of job autonomy was not found to be significant.Originality/valueThe study has theoretical implications for workplaces. First, the findings show compensation satisfaction is of crucial importance and HR retention strategies should focus on how employees perceive their pay, benefits and pay policies. Second, the results show that HR managers and top-level executives should make job security a primary concern. For example, they should provide accurate and honest information” about the causes and actions.

Journal

Human Resource Management International DigestEmerald Publishing

Published: Aug 19, 2021

Keywords: HRM; Affective commitment; Job security; Compensation satisfaction; Job autonomy

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