The factors which drive employee turnover rate high based on maslow's hierarchy of needs and herzberg's 2 factors theory.

Abstract

The high employee turnover rate has a great impact on an organization in both financial and efficiency parts. The factors which could drive the high employee turnover rate in a focus company would be analyzed in order to help develop and reduce its rate based on the Maslow’s hierarchy of needs and the Herzberg’s 2 factors theory. The research would be focused on small and medium-sized company which has higher employee turnover rate than industry standard. The research would introduce both questionnaire and interviewing session in order to gain the information in wider area which could be used to analyze the problem factors in deeper detail. The study shows many of the relevant interesting factors relating to the theories in many dimensions. Those factors would help the organization to develop itself and reduce the employee turnover rate. The managerial implication of the results for practice and future research are also discussed. KEY WORDS: Employee turnover rate / Job satisfaction / Maslow’s Hierarchy of needs / Herzberg’s 2 factors theory