KEY FACTORS FOR INTENTION TO STAY OF MILLENNIAL EMPLOYEES: AN EMPIRICAL STUDY OF THREE INDONESIAN COMPANY SECTORS Print

Hanny[1], Gheany Sabrina[2], Dewi Tamara[3]

Abstract

The millennial generation will soon dominate the workforce in Indonesia. This generation has different characteristics from its predecessor. Various studies and surveys have found out that millennial employees have a tendency to switch their jobs within two years if they feel disengaged. Millennial employees are more interested in trying out different jobs before they settle on a career than the previous generation. This could increase the turnover rate of a company. This research strives to study the critical factors for intention to stay of the millennial employees in three company sectors in Indonesia, including oil and gas, airline, and FMCG. The three key factors are employee development, salaries and compensation, and work-life interference. Online surveys were sent to millennial employees from these three company sectors. A multiple regression analysis was then used to predict the relationship among the key factors with the intention to stay. The analysis results revealed that salary and compensation, and employee development had a positive influence on millennial employees’ intention to stay, while work-life interference had a negative influence on intention to stay. The findings of this research are expected to help the human resource departments of these three company sectors and researchers to formulate an appropriate strategy to retain their millennial employees.

 Keywords: millennials, intention to stay, employee development, salaries and compensations, work-life interference

[1] Hanny is the student of Magister of Management Program in Bina Nusantara University in Indonesia ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it )
 

[2] Gheany Sabrina is the student of Magister of Management Program in Bina Nusantara University in Indonesia ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it )

[3] Dewi Tamara is the lecturer of Magister of Management Program in Bina Nusantara University in Indonesia ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it )

 

Cite this article:
Hanny , Gheany Sabrina, Dewi Tamara. KEY FACTORS FOR INTENTION TO STAY OF MILLENNIAL EMPLOYEES: AN EMPIRICAL STUDY OF THREE INDONESIAN COMPANY SECTORS  . Innovative Issues and Approaches in Social Sciences, vol.13, no.1:71-94, DOI:http://dx.doi.org/10.12959/issn.1855-0541.IIASS-2020-no1-art5

Digital Object Identifier(DOI): http://dx.doi.org/10.12959/issn.1855-0541.IIASS-2020-no1-art5

View full text in pdf: http://www.iiass.com/pdf/IIASS-2020-no1-art5.pdf

 

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