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Full-Text Articles in Business
Employee Retention Strategies In Trinidadian Small Enterprises, Alicia Singh
Employee Retention Strategies In Trinidadian Small Enterprises, Alicia Singh
Walden Dissertations and Doctoral Studies
Organizational leaders face obstacles stemming from the lack of employee retention. An ineffective retention strategy can result in the loss of employees and the loss of institutional knowledge. Lack of appropriate retention strategies can negatively impact the reputation of the organization and ultimately affect the financial standing of an organization. Grounded by Herzberg's 2-factor theory, the purpose of this multiple case study was to explore strategies small retail business managers in Trinidad used to retain employees. I collected data through face-to-face semistructured interviews with 5 small business managers and a review of company documents. Data were analyzed using methodological triangulation, …
Strategies Hospitality Leaders Use To Reduce Employee Turnover, Borislav Perev
Strategies Hospitality Leaders Use To Reduce Employee Turnover, Borislav Perev
Walden Dissertations and Doctoral Studies
Employee turnover is a global problem with adverse effects on financial performance and sustainability of organizations. In the hospitality industry, employee turnover levels increased to 58.8%, and the associated cost of turnover may be more than 100% of an employee's yearly wage, with a total loss of over $25 billion a year. The purpose of this single case study was to explore strategies used by hospitality leaders in the southeastern United States to reduce employee turnover. The conceptual framework was the transformational leadership theory. Purposeful selection of participants included leaders with experience in developing and implementing strategies for reducing employee …