Strategies to Reduce Voluntary Employee Turnover in Small Retail Businesses in Jamaica

• Main Author: Justus, Georgia
• Format: Others
• Language: en
• Published: ScholarWorks 2017
• Subjects: Employees; Reduce Voluntary Turnover; Small Business; Strategies; Voluntary Employee Turnover; Finance and Financial Management
• Online Access: https://scholarworks.waldenu.edu/dissertations/4641; https://scholarworks.waldenu.edu/cgi/viewcontent.cgi?article=5921&context=dissertations

Voluntary employee turnover destabilizes small retail businesses and is a costly business problem for small retail business owners. Some small retail businesses experience voluntary employee turnover of up to 50% annually. Guided by Herzberg's 2-factor theory, the purpose of this multiple case study was to explore successful strategies used to reduce voluntary employee turnover. The target population consisted of 3 small retail business owners in Kingston, Jamaica. Data were collected from semistructured interviews and member checking, and human resource (HR) manuals containing HR policies and procedures. Data were analyzed into emerging themes using Yin's 5-step method. Based on the analysis of the data, 6 themes emerged. These themes included: employee empowerment and involvement, rewards recognition and incentives, career advancement opportunities, competitive compensation and benefits, tools to perform and, positive interpersonal relationships. These themes were identified as the strategies used to reduce turnover. The analysis of the data from the interviews and HR manuals showed that small retail business owners used these combinations of strategies to reduce voluntary employee turnover by increasing overall job satisfaction among employees. The findings from this study may contribute to positive social change by providing strategies to small retail business owners and HR managers to reduce voluntary employee turnover, increase profits, and improve economic conditions in the communities where they operate.