The Effect of Employee Turnover on the Performance of Zoomlion Ghana Limited
Journal of Business and Economic Development
Volume 2, Issue 2, May 2017, Pages: 116-122
Received: Nov. 17, 2016; Accepted: Dec. 29, 2016; Published: Jan. 30, 2017
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Authors
Kunu Etornam Kwame, Department of Mathematics and Statistics, Ho Technical University, Ho, Ghana
FranÇois Mahama, Department of Mathematics and Statistics, Ho Technical University, Ho, Ghana
Patience Ama Nyantakyiwaa Boahen, Registry Department, Takoradi Technical University, Takoradi, Ghana
Mathias Kofi Worlanyo Denu, Department of Logistics and Supply Chain Management, Ho Technical University, Ho, Ghana
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Abstract
The purpose of this study was to identify the causes of employee turnover; examine the effect of labour turnover on performance of the organizational and identify strategies for reducing employee turnover in Zoomlion Ghana Limited. A descriptive cross sectional survey was conducted among 120 purposively selected employees of Zoomlion in Ho Township. Both descriptive and inferential statistics were computed. Results show that “lack of motivation influence their decision to leave” “lack of good working conditions”, “lack of recognition of one’s effort”, “lack of staff training and development”, “work loaded is too much”, “unfair management treatment”, “low career development opportunities”, “pursue of higher education”, “lack of promotional opportunities”, “higher salary has influence my exit”, “poor quality of job training”, “lack of proper supervision”, and “poor chances of improving skills” are the causes of labour turnover in Zoomlion Ghana Limited. The study also establishes that on “Loss of productivity”, “Reduce profitability of business”, “High cost of training and recruiting new employees”, “Management frustration” and “Decline in service quality” are the effect of labour turnover on organization performance. Also “Rewarding employees for long service”, “Management institute flexible time schedules for employees”, and “Free health care for employees” are the strategies being adopted by management to reduce employee turnover. The study therefore recommends that recognition for significant accomplishment, chance of advancement and giving opportunity to grow and career development has to be taken in to consideration. Also, proper treatment of employees, enhanced pay, and fair promotion will increase employee responsibility. Therefore, management should properly treat the employees.
Keywords
Employee, Turnover, Performance, Zoomlion
To cite this article
Kunu Etornam Kwame, FranÇois Mahama, Patience Ama Nyantakyiwaa Boahen, Mathias Kofi Worlanyo Denu, The Effect of Employee Turnover on the Performance of Zoomlion Ghana Limited, Journal of Business and Economic Development. Vol. 2, No. 2, 2017, pp. 116-122. doi: 10.11648/j.jbed.20170202.17
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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