The relationship between employee equity and employee retention among employees in the private industrial sector in Syria

Abstract

The main purpose of this study is to identify the relationship between employee equity and employee retention, and to determine the usefulness of employee equity framework in explaining work-related outcomes, such as retention. The study was conducted in the private industrial sector in Syria. The respondents were comprised of employees of many private industrial companies in Aleppo, located in the north of Syria. Data collection was held in the spring of 2012. The employee equity survey which is including a total of fifty items distributed over three factors of employee equity: value equity, brand equity, and retention equity, written by Cardy, et al and refined by Andrade, was used to measure employee equity. The employee retention survey which is including a total of eight items distributed over two factors of employee retention: intention to stay, and dependable continuance, written by Hom, et al and Tsui, et al., was used to measure the employee attitudes for staying or leaving the organization. Survey data were analyzed using descriptive statistic, Pearson correlation, and regression analyses. The findings showed that the level of employee equity in the Syrian private industrial sector was moderate, there was a significant relationship between employee equity and employee retention, and there was a significant impact of employee equity on employee retention which means that employee equity can be employed as predictor for employee retention.