Estimation of Employee Turnover with Competing Risks Models

• Authors: Wioletta Grzenda , Michał K. Buczyński
• Languages of publication: EN

Abstracts

EN

Employee turnover accompanies every business organization, regardless of the industry and size. Nowadays, many companies struggle with problems related to the lack of sufficient information about the nature of employee turnover processes. Therefore, comprehensive analysis of these processes is necessary. This article aims to examine the turnover of employees from a big manufacturing company using competing risks models with covariates and without covariates. This technique allows to incorporate the information about the type of employment contract termination. Moreover, Cox proportional hazard model enables the researcher to analyse simultaneously multiple factors that affect employment duration. One of the major observations is that employee remuneration level differentiates most strongly the risk of job resignation.

Keywords

EN

employee turnover; enterprise; competing risks model; Cox model; partial likelihood estimation; C14; J63

• Publisher: Sciendo
• Journal: Folia Oeconomica Stetinensia
• Year: 2015
• Volume: 15
• Issue: 2
• Pages: 53-65

Dates

published

2015-12-01

received

2015-04-28

accepted

2015-11-22

online

2016-04-30

Contributors

author

Wioletta Grzenda

• Warsaw School of Economics, Collegium of Economic Analysis, Institute of Statistics and Demography, Madalińskiego 6/8, 02-513 Warsaw, Poland

author

Michał K. Buczyński

• Independent analyst, Tukana 11a, 02-843 Warsaw, Poland

References

• Allison, P.D. (2010). Survival Analysis Using SAS: A Practical Guide. USA: SAS Institute.
• Allison, P.D. (2010). Survival Analysis. In: G.R. Hancock, R.O. Mueller (eds.), Survival analysis in The Reviewer’s Guide to Quantitative Methods in the Social Sciences (pp. 413–425). New York: Routledge.
• Błędowski, P. (2013). Aktywność zawodowa osób w starszym wieku. In: M. Kiełkowska (ed.), Rynek pracy wobec zmian demograficznych. Zeszyty Demograficzne, 52–63.
• Cascio, W.F. (2001). Kalkulacja kosztów zasobów ludzkich. Kraków: Oficyna Ekonomiczna.
• Cox, D.R. (1972). Regression models and life tables (with discussion). Journal of the Royal Statistical Society, 34, 187–220.
• Cox, D.R. (1975). Partial Likelihood. Biometrika, 62, 269–276.
• Cox, D.R., Oakes, D. (1984). Analysis of Survival Data. Monographs and Statistics and Applied Probability. New York: Chapman & Hall.
• Cybulski, K. (2008). Przyczyny i konsekwencje wysokiej fluktuacji personelu sprzedażowego. Studia i Materiały – Wydział Zarządzania UW, 1, 105–114.
• Drobnič, S., Frątczak, E. (2001), Employment Patterns of Married Women in Poland, In: H.P. Blossfeld, S. Drobnič (eds.), Careers of Couples in Contemporary Societies (pp. 281–306). New York: Oxford University Press.
• Gregory-Smith, I., Thompson, S., Wright, P.W. (2009). Fired or Retired? A Competing Risks Analysis of Chief Executive Turnover. The Economic Journal, 119, 463–481.[WoS]
• Grzenda, W. (2012). Badanie determinant pozostawania bez pracy osób młodych z wykorzystaniem semiparametrycznego modelu Coxa. Przegląd Statystyczny, I, 123–138.
• Heckman, J.J., Honoré, B.E. (1989). The Identifiability of the Competing Risks Model. Biometrika, 76, 325–330.
• Kalbfleisch, J.D., Prentice, R.L. (2012). The Statistical Analysis of Failure Time Data. Second Edition. USA: Wiley.
• Klein, J.P. (2010). Competing risks. USA: Wiley.
• Kleinbaum, D.G., Klein, M. (2012). Survival Analysis (3rd ed.). Springer.
• Lunn, M., McNeil, D. (1995). Applying Cox regression to competing risks. Biometrics, 51 (2), 524–532.[Crossref]
• Pintilie, M. (2006). Competing Risks: A Practical Perspective. New York: Jon Wiley & Sons.
• Pocztowski, A. (ed.), (2009). Procesy płynności i retencji zatrudnienia w organizacji, Kraków: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie.
• Prentice, R.L., Kalbfleisch, J.D., Peterson, Jr. A.V., Flournoy, N., Farewell, V.T., Breslow, N.E. (1978). The analysis of failure time in the presence of competing risks. Biometrics, 34, 541–554.[WoS]
• Sidor-Rządkowska, M. (2010). Zwolnienia pracowników a polityka personalna firmy. Warszawa: Wolters Kluwer.
• Somers, M.J. (1996). Modelling employee withdrawal behaviour over time: A study of turnover using survival analysis. Journal of Occupational and Organizational Psychology, 69, 315–326.
• Staw, B.M. (1980). The consequences of turnover. Journal of Occupational Behaviour, 1, 253–273.

Identifiers

DOI

10.1515/foli-2015-0035