Estimation of Employee Turnover with Competing Risks Models

Grzenda Wioletta () and Buczyński Michał K. ()
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Grzenda Wioletta: Warsaw School of Economics, Collegium of Economic Analysis, Institute of Statistics and Demography, Madalińskiego 6/8, 02-513 Warsaw, Poland
Buczyński Michał K.: Independent analyst, Tukana 11a, 02-843 Warsaw, Poland

Folia Oeconomica Stetinensia, 2015, vol. 15, issue 2, 53-65

Abstract: 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: employee turnover; enterprise; competing risks model; Cox model; partial likelihood estimation (search for similar items in EconPapers)
JEL-codes: C14 J63 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:foeste:v:15:y:2015:i:2:p:53-65:n:4

DOI: 10.1515/foli-2015-0035

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