Work motivation factors influencing employees’ resignation in commercial banking sector
Keywords:
Work Motivation Factors, Employee Resignations, Commercial Banking SectorAbstract
This research aims to investigate work motivation factors that influence employee resignations in commercial banking sector. In this study, data was collected by distributing questionnaires to a sample group of 355 regular employees of the organization. Data analysis was conducted using multiple regression statistical analysis. The study found that mean value of each variable indicated that compensation is the most impact work motivation factors ( = 3.70), followed by experiences (
= 3.38), and working hours (
= 3.26). According to the study's findings, the hypothesis is supported at the statistically significant level of 0.001 R2 = 0.575.
Notably, the variable with the most significant impact on employee resignations is the compensation variable. This study indicates that all factors affect employee resignations, but the most positively assessed factor is compensation, influencing the intention to resign. When examining the components of compensation that employees should receive, if it is perceived as not commensurate with their abilities or the nature of the job they perform, it leads to dissatisfaction with the received compensation. This dissatisfaction, in turn, results in the desire to resign and actively seek new employment opportunities with better compensation.
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