Does board structure influence employee retention?: A systematic literature review

Abstract

<p>Employee Engagement (EE) has become a crucial element for the success of any organization. While psychology has conducted extensive research on EE, accounting has yet to give it the attention it deserves. This systematic literature review (SLR) was conducted to explore the linkage between corporate governance (CG) practices and factors that drive employee engagement (EED) in greater detail. The review identified several key factors influencing EED: board composition, audit committees, top leadership expertise, network power, other stakeholders’ supervision, and above-board application. In particular, the study revealed that effective CG practices have positive EE consequences, such as increased staff morale, job satisfaction, and productivity, and decreased employee turnover rates. The study underlined the importance of an employee-centric culture that encourages empowerment and fosters a sense of belonging in achieving maximum business success. It suggests that companies must create a work environment that promotes EE, provides opportunities for growth and development, recognizes employee contributions, and fosters open communication and collaboration. By leveraging these insights, companies can enhance their business operations and achieve maximum success by fostering a culture of EE and empowerment. The study concludes that businesses prioritizing EE as a core value can create a sustainable competitive advantage, increase their reputation, and attract and retain top talent.<strong></strong></p>

Leader ‘leadership’ perceptions within a luxury hotel environment

“…Leaders gather greater importance as organisations operate in increasingly volatile and competitive environments with high levels of complexity (Higgs, 2003), where leaders are expected to be able to foster development and adapt to the challenges around them (Whittington et al, 2020). Contemporary approaches to leadership involve leaders providing thrust and push to help motivate staff to achieve excellence (Haryanto et al, 2024).…”

Editorial for Human Resources Management and Services (Volume 6 Issue 2)

“…In addition to discussing elements influencing individual performance, some researchers looked into aspects influencing the success of an organization. Employee engagement (EE) has emerged as a critical component of any organization's success, according to Haryanto et al (2024), who also found that companies that prioritize EE as a core value can build a long-lasting competitive advantage, improve their reputation, and draw and retain top talent. Improving workers' positive attitudes toward their work is crucial and can boost an organization's productivity.This problem reveals that, in order to improve employee and business performance, emphasis must be paid to understanding the factors that influence workers' performance as well as their feelings and attitudes toward their jobs.Finally, we deeply appreciate the authors' permission to authorize us to share their CITATION…”

“…In addition to discussing elements influencing individual performance, some researchers looked into aspects influencing the success of an organization. Employee engagement (EE) has emerged as a critical component of any organization's success, according to Haryanto et al (2024), who also found that companies that prioritize EE as a core value can build a long-lasting competitive advantage, improve their reputation, and draw and retain top talent. Improving workers' positive attitudes toward their work is crucial and can boost an organization's productivity.…”