Employee Turnover and Retention in Mexico and Latin America

Posthuma, Richard A.; Brambila, Claudia Noemi Gonzalez; Smith, Eric D.; Zhang, Yang

doi:10.1108/978-1-83909-293-020211007

Cited by 2 publications

(1 citation statement)

References 17 publications

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“…The literature concerning the study of staff retention in Latin American countries has focused on analyzing this phenomenon in private organizations (e.g., Posthuma et al, 2021; Redondo et al, 2021). However, little has been explored in this fundamental task for HRM in Latin American public administration.…”

Section: Methodsmentioning

confidence: 99%

The Effect of Organizational Reputation on Public Employees’ Retention: How to Win the “War for Talent” in Constitutional Autonomous Agencies in Mexico

Bustos

2022

Review of Public Personnel Administration

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Retaining valuable employees is a critical task for public organizations to present themselves as competent and efficient to their multiple audiences. However, despite the importance of staff mobility dynamics for public organizations, retention is an issue that has not been thoroughly studied in human resource management research. In the case of Mexico, retaining the most valuable staff is becoming more difficult because its public administration is characterized by corruption and patronage. The article argues that reputation sustains a reciprocity exchange between employees and employers, which is reflected in longterm labor relationships. Using a survey of employees of five Constitutional Autonomous Agencies in Mexico, the article shows that having a positive reputation is a crucial factor for public employees when deciding whether to stay or leave their jobs. The findings imply that building and maintaining a positive reputation must be relevant for public managers because of its implications for HRM.

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Section: Methodsmentioning

confidence: 99%

The Effect of Organizational Reputation on Public Employees’ Retention: How to Win the “War for Talent” in Constitutional Autonomous Agencies in Mexico

Bustos

2022

Review of Public Personnel Administration

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Employee Turnover and Company Value. Were European Companies Equally Affected by the COVID-19 Pandemic?

Garsaa

2024

Relations Industrielles / Industrial Relations

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In this study, we sought to identify how employee turnover affected company value in a sample of 254 European listed companies before and during the COVID-19 pandemic. We specifically tested the hypothesis that the most profitable and socially responsible companies withstood the pandemic better. We then complemented our analysis by identifying potential sectoral differences. We analyzed the association between employee turnover and company value by using a quantile regression model to determine this association at each point of the conditional distribution of company value. All of our financial and non-financial data for the 2019-2020 period were extracted from the Bloomberg database. We found a negative association between employee turnover and company value before and during the pandemic. The additional costs of employee turnover may have therefore reduced stock market values. The negative association weakened considerably during the pandemic for those companies that had the lowest company value, possibly because of the government support and guarantees they received during the lockdowns. Our sectoral analysis showed a stronger effect on traditional industries with intensive human interactions than on modern industries with predominantly virtual interactions. Estimation results from more profitable companies showed a positive association before the pandemic, perhaps because they had an ‘optimal’ level of employee turnover that maximized their productivity and performance and, thus, their stock market value. This association completely reversed during the pandemic, perhaps because their higher profitability was not sufficient to dampen the negative effect of the increase in employee turnover. For the most profitable and socially responsible companies, the same association was much stronger both before and during the pandemic. For almost all of the companies, the estimated coefficients of employee turnover were positive before the pandemic but became negative for those companies that had the lowest stock market values during the pandemic. This study enriches the existing literature by being the first one to show how employee turnover affected the company value of European listed firms before and during the pandemic. It also provides new evidence that this association varied with the level of sectoral sensitivity to the pandemic and was much stronger for the most profitable and socially responsible companies.

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Employee Turnover and Retention in Mexico and Latin America

Cited by 2 publications

References 17 publications

The Effect of Organizational Reputation on Public Employees’ Retention: How to Win the “War for Talent” in Constitutional Autonomous Agencies in Mexico

The Effect of Organizational Reputation on Public Employees’ Retention: How to Win the “War for Talent” in Constitutional Autonomous Agencies in Mexico

Employee Turnover and Company Value. Were European Companies Equally Affected by the COVID-19 Pandemic?

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