Title

Job embeddedness and the importance of retaining small firm employees

Document Type

Conference Proceeding

Publisher

Australian and New Zealand Academy of Management

Faculty

Faculty of Business and Law

School

School of Business / Centre for Innovative Practice

RAS ID

18343

Comments

Coetzer, A. J., Redmond, J. L., & Barrett, R. (2014). Job embeddedness and the importance of retaining small firm employees. Proceedings of Australian and New Zealand Academy of Management Conference. (pp. 1-20). Sydney, NSW. ANZAM. Available here

Abstract

Small firms identify retention of staff as a significant problem. Voluntary turnover of talented staff can be costly, especially in small firms where there are few slack resources. However, there is scant research on retention in small firms . We use the concept of Job Embeddedness to understand why small firm employees stay. The concept t refers to the totality of forces that embed employees in their jobs and it consists of three dimensions: fit, links, and sacrifice. Seven propositions are outlined comparing the ways fit, links and sacrifice might play out for small and large firm employees. Through testing these propositions small firm owner-managers may have a better understanding of what can be done to retain employees and maintain firm performance.

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