Textile industry of Pakistan
An organization with skilled and talented human resource have a competitive advantage over their competitors. The employees should be offered due to care and attention to minimize the employer’s cost of employee turnover. The main reasons for turnover can be linked to an ambiguous job description, job insecurity, violence at the workplace, working environment, and other external opportunities that vary in different sectors. The organization may ignore these issues, and it may result in unplanned and unintended costs. In developing countries such as Pakistan, the textile industry has received many setbacks and disorders. The shortage of gas and electricity supply and the high price of raw materials in a competitive environment has led to the collapse of this sector and followed by layoffs, turnover, and shutdowns. There is a need to put into consideration the employees’ turnover intentions so that unnoticeable reasons can be brought into attention.
Objectives:
This research study aims at identifying the reasons prevailing in the textile industry of Pakistan. The study discusses whether there is an overall difference or not. Basing on the survey, it recommends the measures to control the turnover ratio in the textile industry.
Significance of the study:
Employee turnover is a serious issue in all organizations. High employee turnover rate has implications on customer satisfaction (Koys, 2001), productivity (Huselid, 1995), and profitability (Glebbeek and Bax, 2004), and this has led to employee turnover satisfaction over decades. Job satisfaction is a predictor of employee turnover (Griffeth et al., 2000; Tett and Meyer, 1993). This study is mainly concerned with the turnover in Pakistan’s textile industry, which is currently at an alarming stage. There is a need to address through the Human Resource Management (HRM) the issue of employees who are quitting their jobs. This study has vital suggestions for managers in the textile units and other research scholars in the HRM field. The textile industry is one of the best industries in Pakistan, and the employer’s cost on employee turnover can hinder the functioning of the organization. If the intentions can be identified and addressed, minimizing indirect and direct costs can be achieved.