INTRODUCTION
INTRODUCTION
In an ideal world, employees work hard, love their job, worship their workplace, feel like a family and
would never leave. But let’s look at the real world, where employee quite at the drop of a hat.
BACKGROUND
WORK-LIFE BALANCE. Lately, the word work-life balance is becoming more and more
common in the public debates. It’s a term which is very commonly used in business
organisations, chiefly in large ones and plays as the important factor of their corporate
benefits.
Work- life balance is something which is considered important in both corporate practice as
well as academic research. It is important issue for the well-being of every employee because
both family and work are the important elements in one’s life and both of them adversely
affect the individual.
Though there are clear evidence that long working hours can harm the employee as well as
the employer, but the basic assumptions of many professionals are still not being cleared
about their deeply delt habits and about work hours.
There was a study which was conducted by Medallia, Inc. The study revealed that 50% of
their employees left the organisation without having any other offer in hand. It was observed
that this was influenced by the COVID-19 pandemic. Employees felt burnt out and felt that
their emotional well being was getting affected. It was also found that 70% of those who
resigned, wanted a better work-life balance. Over 50% of the employees who resigned
observed that no employee feedback is taken by the organisation.
The studies have shown that workers are aware about the importance of the work-life
balance, and when we say work-life balance we mean work and health balance along with
work and family balance. By showing the difference in the effects of the work–family
balance and the work–health balance on the job fulfilment, the studies revealed the individual
differences in the work-life balance process.
Bonus payments do have an impact on employees' decisions to remain with one company or
leave for another, according to research by Clark-Rayner, P., and Harcourt, M. (2000).
According to the research, supervisors who do not intend to provide incentives might push an
employee to look for another employment, especially if the individual has previously earned
a bonus. Simply promoting hardworking people without concentrating on rewarding and
rewarding them can lead to a decline in motivation, and as a result, seeking for other
possibilities becomes an option for those employees.
Abdul Musawer, Dawlat Khan Amarkhil, and Mohammad Laiq (2021) found that if a person
doesn't fit well in the organization and has lower organizational commitment, their intention
to quit their job will rise. In their study, they found that an increase in job stress will result in
a higher percentage of employee turnover. According to their study's findings, the intention to
depart ratio will be reduced when organizational commitment is high. Employee inclination
to depart is influenced by organizational commitment. Researchers have discovered a link
between employee problem-solving and self-improvement and a decreased likelihood of
leaving (Batt, 2002). Their findings indicate that the rate of absenteeism and turnover
intentions will drop if the right person is hired for the right job in an organization that suits
him or her well. According to (Moore, 2002), a lack of communication between management
and current employees will cause stress among other team members.
NON WORK VALUES AND INTERESTS- Nonwork values are enduring beliefs that
relate to sought after life consequences or human behaviours and they act as a means of
evaluating standards. Mobley and his colleague's (1979) suggest that nonwork values
contribute to the explanation of labour turnover since social and family responsibilities also
have the ability to restrain or empower a member's decision of whether or not to quit. They
therefore believe that an understanding of nonwork values and roles is important as polices,
practices, and conditions within the organisation may interfere with the attainment of
nonwork values. Employees are motivated to work for organizations that instil a sense of
pride in them. According to the Millennial Impact Report, more millennials are becoming
engaged in philanthropic causes. The direct impact of this generation being more socially
aware is that they also like to work at places that are more socially responsible.
FRAMEWORK/METHODOLOGY
3.1 Sampling
3.2 Data collection
To collect the data for the research we have utilized two data types – Primary data and
Secondary data.
Primary data - Primary data is collected through the survey. For the survey, a questionnaire
is made in which 62 respondents from various places have filled out the survey and have
given their responses as to what they think and feel. The questionnaire consists of 15
standardized questions.
Secondary data - The secondary data is collected from articles and google from various
online research.
We also read some literature studies, which helped us to determine the key variables which
lead to employee turnover in the organization. By examining the literature, we got to know
about the deep insights due to which an employee decides to leave or stay in the organization.
DISCUSSION/MANAGERIAL IMPLICATIONS
Our study found that there are a number of reasons why employees resign. Earning more
money is the top reason for over four in ten respondents (44%). However, money is not the
only factor.
LIMITATIONS OF RESEARCH
FUTURE WORK/SUGGESTIONS