People Equity Model as An Effort to Increase Employees’ Intention to Stay
| Autor: | Sri Hartini, Retno Lestari, Nyoman Anita Damayanti, Tatin Wahyanto, Stefanus Supriyanto |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
People Equity Model
business.industry lcsh:Public aspects of medicine media_common.quotation_subject turnover Equity (finance) intention to stay lcsh:RA1-1270 Workload Article Structural equation modeling Stratified sampling employees Marital status Demographic economics Quality (business) Psychology Hospital service Human resources business media_common |
| Zdroj: | Journal of Public Health Research Journal of Public Health Research, Vol 9, Iss 2 (2020) |
| ISSN: | 2279-9036 |
| DOI: | 10.4081/jphr.2020.1843 |
| Popis: | Background: The high turnover rate in the healthcare industry needs serious attention since it influences hospital service quality. So, there is a need to develop a new framework known as people equity, that can be used to manage intangible assets and reduce employees’ intention to leave. The purpose of this study therefore was to develop a model of people equity as a strategy for enhancing employees’ intention to stay. Design and methods: An analytical cross-sectional design was used to measure the associations between variables. 154 respondents were selected from stratified random sampling technique. Partial Least Squares Structural Equation Modelling (PLS-SEM) was used to analyze the measurement model. Results: The results indicated that people equity was influenced by organizational factors (P=0.210), individual factors (P=0.183), and occupational factors (P=0.141). In addition to this, predictors for employees’ intention to stay were people equity (P=0.432), individual factors (P=0.308), and environmental factors (P=0.117). Conversely, working and marital status, environment, and workload have no significant effect on people equity and intention to stay. Conclusions: People equity was influenced by organizational, individual, and occupational factors through the implementation of the Human Resources System. People equity model increased employees’ intention to stay by improving organizational factors. Significance for public health High turnover rates decrease overall productivity in a hospital indirectly and it leads to other financial losses because of the additional costs of recruiting new employees. Managing human capital is not easy as the hospital must improve the organizational learning process, employees’ skills, and provide a positive work environment. Limited studies explained about human capital in private hospital. This study analyzes people equity model as a strategy for enhancing employees' intention to stay in private hospital. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|