Revista Internacional de Economía y Ciencias de la Gestión

Application of Multiple Regressions in Development of an Employee Turnover Model

Abstract

Ravichandan K

The life of the organizations has become more complex. Organizations had an enjoyable past but their future is not predictable. Believing in the past successes will not only lead to ‘unsuccessful organizations’, but also would be a case to learn ‘how not to manage an organization’. Today every organization, to be effective is required to be more concerned with the questions of ‘competitiveness’ and ‘continued existence’. A highly skilled workforce is the aorta of any organization. It is this work force that creates a sustainable competitive advantage to the organization. Innovation takes hold. New products and services are conceived. All these can only be achieved through a skilled work force. Employees are the vital and immediately available core-competency, which the organizations should capitalise and leverage them to achieve competitive advantage.