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Should I stay or should I go? The role of risk in employee turnover decisions
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Vardaman, James M., Allen, David G., Renn, Robert W. and Moffitt, Karen R. (2008) Should I stay or should I go? The role of risk in employee turnover decisions. Human Relations, Volume 61 (Number 11). pp. 1531-1563. doi:10.1177/0018726708096637 ISSN 0018-7267.
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Official URL: http://dx.doi.org/10.1177/0018726708096637
Abstract
The decision to leave a job has long been infused with risk for the worker deciding whether or not to leave the organization. However, the role of risk in employee turnover decisions has been largely unexplored in the turnover literature. This article integrates concepts from the turnover and risk literatures to better understand the decision processes of workers contemplating the decision to leave a job. The article offers two studies that investigate the impact of risk perceptions and turnover risk propensity on that decision. Study 1, a field study based on a sample of 155 US service workers in the gaming industry, shows that risk perceptions and propensity for risk moderate the relationship between turnover intentions and turnover behavior. Study 2, a laboratory experiment based on a sample of 222 working students, explores the role of framing and social influences on perceptions of risk and individual tendencies for risk-taking in a turnover context. Findings from Study 2 suggest that positive framing impacts on an individual's propensity for risk-taking when considering leaving a job, but does not impact on individual perceptions of risk, thus supporting the predictions of prospect theory in a turnover context. Taken in concert, these studies provide insight into how risk influences the decision processes of workers considering whether to sever an employment relationship. The implications and limitations of the research are discussed, and the relevance for future research is highlighted.
Item Type: | Journal Article | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
Journal or Publication Title: | Human Relations | ||||
Publisher: | Sage Publications Ltd. | ||||
ISSN: | 0018-7267 | ||||
Official Date: | 2008 | ||||
Dates: |
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Volume: | Volume 61 | ||||
Number: | Number 11 | ||||
Page Range: | pp. 1531-1563 | ||||
DOI: | 10.1177/0018726708096637 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Version or Related Resource: | DG Allen, RW Renn, KR Moffitt (2003). Should I Stay or Should I Go? The Role of Risk in Voluntary Turnover. Conference paper delivered at Southern Management Association 2003 Meeting, Abstract Number 267. | ||||
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