Employee retention for economic stabilization : a qualitative phenomenological study in the hospitality sector
Dario Vasquez
Focusing on employee retention is vital to increase organizational performance and strengthen a nation's economy. Employee turnover leads to high unemployment and slow economic growth around the globe. The purpose of this study was to explore the reasons and motivating factors that cause employees to remain in hospitality despite the high turnover rate in the industry. The data for this study were collected using semi-structured interviews, conducted with hospitality employees in South Florida. The study employed a qualitative phenomenological method to acquire the lived experiences of participants. The findings were in accord with the employee retention approach. The findings revealed that creating a good working environment including management support, reward, and incentive programs would lead to employee retention in the hospitality sector.
Year of publication: |
2014
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Authors: | Vasquez, Dario |
Published in: |
International journal of management, economics and social sciences : IJMESS. - Jersey City, NJ : [Verlag nicht ermittelbar], ISSN 2304-1366, ZDB-ID 2678845-7. - Vol. 3.2014, 1, p. 1-17
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Subject: | Employee turnover | employee retention | economic benefits | retention strategies | Hospitality industry | Mitarbeiterbindung | Employee retention | Gastgewerbe | Arbeitsmobilität | Labour mobility | Personalmanagement | Human Resource Management | Krankenhaus | Hospital |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
Language: | English |
Notes: | Systemvoraussetzung: Acrobat Reader |
Other identifiers: | hdl:10419/93235 [Handle] |
Classification: | J53 - Labor-Management Relations; Industrial Jurisprudence ; J63 - Turnover; Vacancies; Layoffs ; M21 - Business Economics |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10010255045
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