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

Abstract

Purpose

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/approach

The author collected data from 310 white-collar and knowledge workers from Seoul. A set of five hypotheses were tested

Findings

The 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/value

The 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.

Citation

Smith, D. (2021), "Research shows offering excellent compensation and job security makes South Korean employees much less likely to quit jobs", Human Resource Management International Digest, Vol. 29 No. 5, pp. 20-21. https://doi.org/10.1108/HRMID-02-2021-0038