Determination of Factors Affecting Millennials' Decision to Switch Jobs

Date

6-2024

Degree

Bachelor of Science in Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Ma. Janda Ira Felina M. Benedictos

Committee Member

Jhoana V. Alcalde, Gideon P. Carnaje, Maria Angeles O. Catelo

Restrictions

Restricted: Not available to the general public and to those bound by the confidentiality agreement. Access is available only after consultation with author/thesis adviser.

Abstract

The study aims to contribute to the literature on job switching, specifically towards the Millennial generation. Existing literature on voluntary turnover is very extensive, but literature on job-hopping remains rather underexplored. The paper starts with emphasizing the importance of understanding the employment dynamics of younger workers as older workers prepare to retire as these younger workers will eventually assume the vital leadership roles that make up the backbone of an organization. It wants to recommend ways on how to reduce direct and indirect costs caused by lowering employee retention. It will also help Millennials assess the career paths they are taking and will take in the future. This study identifies the factors affecting job switching of millennials and to describe the sociodemographic characteristics of the respondents.

The researcher employed a mixed method to achieve the study's main objectives. Responses were obtained through a structured online survey and binary logistic regression was run with the probability of a millennial switching jobs or not as the dependent variable. Marginal effects of resulting significant variables were also analyzed and interpreted. Qualitative findings were also obtained through one-on-one interviews and categories of themes were analyzed.

The study concludes with household size, educational attainment, pay and benefits given by the organization, career and personal growth, and interpersonal relationships within the organization as the factors significant to millennials' decision to switch jobs.

Language

English

LC Subject

Job satisfaction, Generation Y

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2024 E2 S26

Document Type

Thesis

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