The Relationship between Employee Equity and Employee Retention among Employees in the Private Industrial Sector in Syria

Abstract

In recent years, hiring qualified employees, developing, and retaining them has been one of the most important issues for human resource management departments in business organizations. But due to the poor economic and financial situation, some organizations are no longer putting any effort into retaining employees, a decision which will undoubtedly cause a lot of problems for those organizations in future.The main purpose of this study is to identify the relationship between employee equity and employee retention, and to determine the usefulness of employee equity framework in explaining work-related outcomes, such as retention. The study was conducted in the private industrial sector in Syria. The respondents were comprised of employees of many private industrial companies in Aleppo, located in the north of Syria. Data collection was held in the spring of 2012. The employee equity survey which is including a total of fifty items distributed over three factors of employee equity: value equity, brand equity, and retention equity was used to measure employee equity. The employee retention survey which is including a total of eight items distributed over two factors of employee retention: intention to stay, and dependable continuance was used to measure the employee attitudes for staying or leaving the organization. Survey data were analyzed using Pearson correlation analyses. The findings showed that there was a significant relationship between employee equity and employee retention, which means that employee equity can be employed as predictor for employee retention.