EMPLOYEE TURNOVER IN FAST MOVING CONSUMABLE GOODS COMPANIES OF PAKISTAN

Abstract

One of the primary concerns for scholars and business organizations is Employee Turnover (ET), which has become a challenging topic for managers and organizations due to its association with high costs of recruiting, developing, and training new employees and its potential to cause severe repercussions in achieving organizational goals. This study aimed to identify the factors that influence ET in Fast Moving Consumable Goods Companies (FMCGs) in Pakistan. To achieve this, the study designed a theoretical framework and conducted a literature review on Compensation and Benefits, Leadership, Career Opportunities, Culture, and Employee Turnover. The study assessed the relationship and impact of independent variables (Compensation and Benefits, Leadership, Career Opportunities, and Culture) on the dependent variable (Employee Turnover) using a survey questionnaire administered to 280 respondents through convenience sampling. SMART PLS was used to analyze the data. The study found that among the selected variables, only Compensation and Benefits had a significant impact on Employee Turnover in FMCG Companies in Pakistan. Keywords: Employee Turnover (ET), Compensation and Benefits (CB), Leadership (L), Career Opportunities (CO), and Culture and Fast Moving Consumer Goods (FMCG).