Abstract
Taking into consideration turnover phenomenon and retention issues, the purpose of the paper is to reveal the employee perceptions on organisational and job-related factors impacting decisions to leave and to stay with the current employer. Based on theoretical discussion related to voluntary turnover and retention of employees, the research instrument was developed. A total of 143 responses were collected from employees working in private IT companies of Lithuania. The results revealed that base pay and challenging work content were perceived as the most important employment characteristics. Turnover prediction models disclose turnover intentions of project managers, which can be explained by participation in strategy development, support of top managers and negative perception of the base pay. Meanwhile, turnover intensions of heads of departments/ high level managers can be explained by negative associations with performance incentives/ bonuses, career opportunities and working conditions. The findings of the paper let us to develop theoretical insights and provide manager recommendations leading to the retention of information technology professionals.
Highlights
Skill shortages have become an urgent issue for many firms all around the world (Wahl, Prause 2013; Budria, Moro-Egido 2014)
Factors impacting on the decision to stay The answers of respondents to the question “What are the top reasons that make you feel satisfied with the current employer” revealed that the most significant factors impacting on decisions to stay with the current employer are: good interrelations with co-workers (80.5%), an opportunity to maintain life–work balance (70.8%), competitive financial rewards (58.4%) and interesting work content (49.6%)
The research investigated factors impacting on decisions of IT professionals to stay and to leave their current employer
Summary
Skill shortages have become an urgent issue for many firms all around the world (Wahl, Prause 2013; Budria, Moro-Egido 2014). The war for talented employees has been continuing even with an economic slow-down and massive-restructuring (Beechler, Woodward 2009). Competition among firms for talented employees is especially intense in service industries. The development of information technology (IT) industry has posed challenges for IT companies, seeking to recruit and retain professionals (Erturk, Vurgan 2015). Considering the fact that success of a company depends on human capital R. Korsakienė et al Factors driving turnover and retention of information technology professionals
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