<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Employee turnover accompanies every business organization, regardless of the industry and size. Nowadays, many companies struggle with problems related to the lack of sufficient information about the nature of employee turnover processes. Therefore, comprehensive analysis of these processes is necessary. This article aims to examine the turnover of employees from a big manufacturing company using competing risks models with covariates and without covariates. This technique allows to incorporate the information about the type of employment contract termination. Moreover, Cox proportional hazard model enables the researcher to analyse simultaneously multiple factors that affect employment duration. One of the major observations is that employee remuneration level differentiates most strongly the risk of job resignation.</p></abstract>

Employee turnover accompanies every business organization, regardless of the industry and size. Nowadays, many companies struggle with problems related to the lack of sufficient information about the nature of employee turnover processes. Therefore, comprehensive analysis of these processes is necessary. This article aims to examine the turnover of employees from a big manufacturing company using competing risks models with covariates and without covariates. This technique allows to incorporate the information about the type of employment contract termination. Moreover, Cox proportional hazard model enables the researcher to analyse simultaneously multiple factors that affect employment duration. One of the major observations is that employee remuneration level differentiates most strongly the risk of job resignation.

Estimation of Employee Turnover with Competing Risks Models

Warsaw School of Economics, Collegium of Economic Analysis, Institute of Statistics and Demography, Madalińskiego 6/8, 02-513 Warsaw, Poland

Independent analyst, Tukana 11a, 02-843 Warsaw, Poland

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Estimation of Employee Turnover with Competing Risks Models"}

Employee turnover accompanies every business organization, regardless of the industry and size. Nowadays, many companies struggle with problems related to the...

Estimation of Employee Turnover with Competing Risks Models

Published Online: Apr 30, 2016

Page range: 53 - 65

Received: Apr 28, 2015

Accepted: Nov 22, 2015

DOI: https://doi.org/10.1515/foli-2015-0035

Keywords
employee turnover, enterprise, competing risks model, Cox model, partial likelihood estimation

© 2015 University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Estimation of Employee Turnover with Competing Risks Models

Published Online: Apr 30, 2016

Page range: 53 - 65

Received: Apr 28, 2015

Accepted: Nov 22, 2015

DOI: https://doi.org/10.1515/foli-2015-0035

Keywordsemployee turnover, enterprise, competing risks model, Cox model, partial likelihood estimation

© 2015 University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
employee turnover, enterprise, competing risks model, Cox model, partial likelihood estimation