UNIVERSITY OF ECONOMICS HO CHI MINH CITY International School of Business ------------------------------ Le Do Phuong Uyen HIGH TURNOVER RATE IN ZPI DEPARTMENT OF ABC CORPORATION MASTER OF BUSINESS ADMINISTRATION THESIS ADVISOR: ASSOC. TRAN HA MINH QUAN Ho Chi Minh City – Year 2020 123doc UNIVERSITY OF ECONOMICS HO CHI MINH CITY International School of Business ------------------------------ Le Do Phuong Uyen HIGH TURNOVER RATE IN ZPI DEPARTMENT OF ABC CORPORATION MASTER OF BUSINESS ADMINISTRATION THESIS ADVISOR: ASSOC. TRAN HA MINH QUAN Ho Chi Minh City – Year 2020 123doc ACKNOWLEDGEMENT I would also like to acknowledge my advisor Assoc. Tran Ha Minh Quan for his enthusiastic encouragement, immense knowledge, and guidance with many trouble spots and of my thesis! I really want to show my profoundly recognize to whole ISB’s advisory board, lecturers, educational counsellors, … for the invaluable assistance that you all provided during my study.
1 123doc CONTENTS Acknowledgement .1 ABC Joint Stock Company .2 ZION Company Limited – ZION Co.3 ZPI E-wallet Introduction .1 Barrier of finding appropriate replacements. Low employees' job satisfaction. Main problem identification. 22 Chapter 3: Causes validation and solutions.
Potential causes analysis33 1.Perceived lack of fairness. Perceived lack of fairness. Main-cause identification. Sub-causes identification.
Sub-causes validation. Root-cause validation. Informed-theoretical solutions……………………………………………………. Alternative Solution 1: Alternative Dispute Resolution (ADR) practices.
Alternative Solution 2: Analytic Hierarchy Process (AHP) technique……………….2 Warm – up question.3 Main body of interview. 63 3 123doc Executive summary Over the span of many millennia, science and technology have made many glowing achievements and breakthroughs in an ever-changing society. Henceforth, they accelerate the booming development of IT industry to enhance the quality of life as well as productive working performance. Although the general public could not deny the imperative and crucial role of human beings, even we have novel and state-of-art technical machinery.
For this reason, any corporations also attach much importance to the workforce; somehow, IT industry has been facing encounters to attract and retain staff due to the fast-paced, competitive advancement. A turnover analysis on IT (Information Technology) industry reflects the pessimistic impact of high turnover rates could be significantly harmful to IT companies (1). In fact, the employees are the most valuable asset in this industry, which forms a stable development team to guarantee the fulfillment of conditions and terms of clients’ contracts. On the upshot, recruiting and developing new replacements for the fitting organization could cost much more huge time, effort and finance of recruiting, training new counterparts than maintaining current ones.
High staff turnover is acknowledged to be a detrimental and potential threat to the business's revenue. The main purpose of this thesis is to explore the causes that lead to a high turnover rate at ZPI Department. The finding of the study indicated that ineffective leader style is the main drive why employees decided to leave the company and recommend some apt and applicable solutions to retain employees based on the method of using validated data from secondary data, in-depth interviews, statistical surveys in combination with theory-based approach. 4 123doc CHAPTER 1 BACKGROUND I.1 ABC Joint Stock Company ABC Joint Stock Company is a leading technology company in the digital and IT industry in Vietnam market (Forbes, 2016).
The company was founded in September 2014 by two founders: Bryan Pelz, and CEO Le Hong Minh. ABC Corporation is an enterprise serving more than 80% of Internet users in Vietnam and is also the largest game publisher and developer in Vietnam. ABC currently has more than 2000 employees working with the spirit “Embracing challenge” for the mission “Make the Internet change Vietnamese lives.” ABC is one of the 100th ideal working in Vietnam, which was voted by Anphabe and Nielsen during the past three years. In ABC, members' abilities and contributions are recognized not only by monthly salaries but also receive rewards from projects, products, year-end rewards, stocks that commensurate with work experience.
The environment drives creativity, ABC-ers open-mindedly welcome those who dare to embrace the challenges to pursue a passion.