Managing Employee Retention in Thailand : a quantitative study at a multinational company

Sammanfattning: We approached a multinational manufacturing company that wants to reduce its employee turnover among white collars workers. Thailand's current labour shortage requires an ability to retain employees and a quantitative survey is conducted to measure the perceived job satisfaction. Job Satisfaction is a key component in strive for employee retention. The study identifies and analyzes organizational reasons that contribute to job satisfaction and that can contribute to increased employee retention. By investigating perceived job satisfaction amongst white collar worker, aims the study to find factors that are central to employee retention and how the most central factors can be strengthen and developed by the organization. The study creates an understanding of the benefits of employee retention strategies and the results may support the organization in the development of these. The conclusion is that organizational effort within work design, leadership, social support; development, compensation & benefits, and work-life balance are essential for employee retention. The study indicates that employees‘ annual development, competitiveness within compensation & benefits and a leader that lives up to the employee's expectations have an influence on the perceived job satisfaction. A continuous effort to increase job satisfaction reduces employee desire of movement. The pros of staying and the risks of leaving the organization increases and the result is an increased opportunity for employee retention