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A Study of Cause of Employee Turnover and Countermeasures against Turnover in Shipping and Port Logistics Firms
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 Title & Authors
A Study of Cause of Employee Turnover and Countermeasures against Turnover in Shipping and Port Logistics Firms
Kim, Jae-Hun; Shin, Yong-John;
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This study One of the key elements of corporate competitiveness in the modern world of unlimited competition is human resource management. The reason that the world`s leading companies are devoting a lot of investment and effort for good human resource development and management is that human resource can impact firm survival. In particular, there is little research on the internal and external environmental stimuli and job stress in the employee of small business which are often led to turnover, while they have suffered from chronic shortage of manpower. The purpose of this study is to determine the turnover factors in the small logistics companies and contribute to stable maintenance of workforce, facilitating human resource management and minimizing turnover. This study empirically analyzed the factors of the turnover in the organization of logistics companies from Busan Port, South Korea, which became one of the national infrastructure and the fifth world largest harbor. The conclusion proposed the development and direction of the human resource management which could promote the job environment improving the turnover factors and creating sustainable work condition through conducting preventive measures. The results indicated that the highest turnover rates was found in the category of field work, and the highest turnover group was from the `less than one year`, which implies that high turnover rates after and during job training might be greater cost to the companies than early turnover. The most common reasons for the high employee turnover were `excessive workload` and `dissatisfaction with wages`. Followed reasons including `troubles with managers` and `failure in organizational adaptation` can be understood in line with worse working conditions of the small logistic companies. It turned out that the preventive programs of the logistic enterprises had little effect through `incentives system` and `improving wage system` which are mainly conducted. The human resource managers appreciated the importance of `wage raise` and `benefits improvement`. This study is aimed at contributing to efficient human resource management through understanding of the turnover causes and human resource managers applying preventive measures. In particular, this can benefit small port logistics companies securing competitiveness and promoting persistent growth and development.
Shipping and Port Logistics Industry;Small and Medium Sized Firms;Employee Turnover;Internal Customer Satisfaction;Causes of Turnover;Countermeasures against Turnover;
 Cited by
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13., "Nine out of 10 salary man, want to move to another company!"