Some organization lacks effective strategies to retain millennial-generation employees and according to research, Millennials are becoming the predominant generation in the workforce today. The purpose of this study was to understand and explore effective strategies to retain bakeshop-educated millennial employees.
HC theory provides the factors to be considered and guides the study. It is critical for Bakeshop organizations to recognize and understand the strengths and challenges in a multigenerational workplace to maximize performance and reduce turnover. Among the Human Capital theory, 17 factors the most considered were a.) leadership of superiors, b.) company culture, and c.) compensation and rewards.
Bakeshop organizations need to be able to attract retain Millennials to build a strong workforce to prepare for a changing and connected future. This study examined the factors that contributed to turnover among Millennials in the Bakeshop organizations within the City of Cebu.
Employees who have a high turnover rate are frequently unsatisfied with their jobs or the organization they work for. A proactive approach to turnover can be taken if a company focuses on learning what makes employees happy and keeps them. To put it another way, companies should stop focusing solely on cutting turnover rates. It appears that knowing why employees stay is more important than knowing why they depart.
Inhaltsverzeichnis (Table of Contents)
- CHAPTER 1.
- THE PROBLEM AND ITS SCOPE
- Introduction
- Theoretical Framework
- Operational Research Process
- Statement of Purpose
- Significance of the Study.
- Definition of Terms.
- CHAPTER 2
- REVIEW OF RELATED LITERATURE AND STUDIES
- CHAPTER 3
- RESEARCH METHODOLOGY
- Research Design
- Research Environment
- Research Respondents
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This thesis investigates factors that contribute to millennial employee turnover within Bakeshop organizations in Cebu City. The primary objective is to understand how effective strategies can be employed to retain millennial employees within these organizations. The study leverages Human Capital theory to explore various factors that impact employee retention, focusing on the perspectives of millennial employees.
- Understanding the motivations and factors influencing millennial employee turnover in Bakeshop organizations.
- Analyzing the application of Human Capital theory in predicting and addressing employee retention challenges.
- Identifying key factors within the Human Capital theory framework that contribute to millennial employee turnover, such as leadership, company culture, and compensation.
- Exploring the implications of a multigenerational workplace in the context of millennial employee retention.
- Developing strategies for Bakeshop organizations to attract and retain millennial employees to build a strong and adaptable workforce.
Zusammenfassung der Kapitel (Chapter Summaries)
Chapter 1 provides an introduction to the research problem, outlining the context and significance of millennial employee retention in the Bakeshop industry. It establishes the theoretical framework for the study, utilizing Human Capital theory to explain the underlying principles driving employee turnover. The chapter concludes by detailing the research methodology, including the design, environment, and respondents involved in the study.
Chapter 2 presents a comprehensive review of related literature and studies, examining existing research on millennial employee retention, Human Capital theory, and turnover intentions. This chapter serves to provide a foundation for the empirical investigation conducted in the study.
Schlüsselwörter (Keywords)
This research focuses on the intersection of millennial employees, employee retention, generation dynamics, turnover intentions, and the Human Capital theory. It specifically examines the application of Human Capital theory in the context of Bakeshop organizations in Cebu City, highlighting the role of factors like leadership, company culture, and compensation in influencing millennial employee turnover.
- Quote paper
- Alan Salmero (Author), 2022, Validating Human Capital Theory through the Analysis of Factors Causing Millennial Employees to Leave the Organization. A Study in the Bakeshop Organizations in the City of Cebu, Munich, GRIN Verlag, https://www.grin.com/document/1463729
