Employee Compensation and Turnover of Chevron Group of Companies

Autor: Lawrence Wahua, Ike Romanus Chukwuma, Temitope Reuben Akinsete, Samuel Brobbey
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: International Journal of Management, Accounting and Economics, Vol 10, Iss 12, Pp 1080-1100 (2023)
Druh dokumentu: article
ISSN: 2383-2126
DOI: 10.5281/zenodo.10663915
Popis: Dearth of quantification of the nexus between employee compensation and turnover gave rise to this empirical investigation of the effect of employee salary, employee pension scheme, employee allowance, employee share bonus, and employee savings scheme on turnover of Chevron Group of Companies using audited secondary data from annual reports for 2012 to 2021. Anchored on economic theory, the five hypotheses developed for the study were tested simultaneously based on univariate general linear model with the aid of statistical package for social sciences. The cardinal findings of this study (which carried out descriptive and inferential statistical analyses) show that the effect of employee compensation on turnover of Chevron Group with the studied period is mixed in line with reviewed literature. Salary of employees has non-significant negative effect on turnover; employee pension scheme has significant positive effect on turnover while employee allowances, share bonus, and savings scheme have significant negative effect on turnover. The findings of the study have salient significance in terms of theory, practice, and policy. Far reaching recommendations are put forward.
Databáze: Directory of Open Access Journals