Analysis of Generation Y’s Perceptions on Leadership Factors Affecting Retention in the Beverage Industry
DOI:
https://doi.org/10.17010/pijom/2016/v9i8/99779Keywords:
Generation Y
, Beverage Industry, Retention Strategy, LeadershipC92
, J24, M00Paper Submission Date
, May 10, 2016, Paper sent back for Revision, July 10, Paper Acceptance Date, July 19, 2016.Abstract
This paper examined the Gen Y's perception on leadership factors, which affected the retention of Gen Y in the beverage industry. A structured questionnaire was used for data collection. Gen Y employees were asked to respond to their perception on retention strategy in their industry focusing on leadership factors with reference to expectation level, present level, and satisfaction level. The data collected were analyzed using statistical tools and exhibited the gaps to improve the retention strategies.Downloads
Downloads
Published
How to Cite
Issue
Section
References
Barnes, G. (2008). Guess who's coming to work : Generation Y. Are your ready for them? Horizons, 58-63.
Business Today. (2014). The best companies to work for survey. August 2014, p.66.
Chanania, P. (2012, November 28). Managing the Gen Y workforce. The Hindu. Retrieved from http://www.thehindu.com/todays-paper/tp-features/tp-opportunities/managing-the-gen-y-workforce/article4141798.ece
Collins. (1968). Collins English gem dictionary. London and Glasgow : Collins Clear Type Press.
Das, B. L., & Baruah, M. (2013). Employee retention : A review of literature. IOSR Journal of Business and Management, 4 (2), 08-16.
Griffeth, R.W., Hom, P.W., & Gaertner, S. G. (2000). A meta analysis of antecedents and correlates of employee turnover : Update, moderator tests, and research implications for the next millennium. Journal of Management, 26 (3), 463-488. doi: 10.1177/014920630002600305
Hale, J. (1998). Strategic rewards : Keeping your best talent from walking out the door. Compensation & Benefits Management, 14 (3), 39-50.
Hershatter, A., & Epstein, M. (2010). Millenials and the world of work : An organization and management perspective. Journal of Business Psychology, 25, 211-223.
Irvine, D. (2010). How to reward a multi generational and culturally diverse workforce. Workspan : The Magazine of WorldatWork, 4, 63-68.
Kaliprasad, M. (2006). The human factor I : Attracting, retaining, and motivating capable people. Cost Engineering, 48 (6), 20-26.
Kaur, S. (2013). Attrition in India – causes and remedies. International Journal of Emerging Research in Management & Technology, 2 (6), 39-45.
Kouzes, J.M., & Posner, B.Z. (2002). The leadership challenge. San Francisco, CA : Jossey-Bass.
Kultalathi, S., Edinger, P., & Brandt, T. (2013). Expectations for leadership – generation Y and innovativeness in the limelight. Proceedings of the European Conference on Management, Leadership 2013.
Kumar, P. (2014). Managing career aspirations of Generation Y: A key to business excellence. Global Journal of Multidisciplinary Studies, 3 (5), 101-112.
Kurian, A. (2015, February 3). Skilling 500 million people by 2020. People Matters, p.52.
Lockwood, N.R. (2006). Talent management : Driver for organizational success. HR Magazine, 51 (6), 1-11.
Mathur, G. (2016). The art of retention, leveraging social media for generation Y retention. International Journal of Application or Innovation in Engineering & Management, 5 (1), 99-108.
Mehta, N. (2016). Shaping the gen next leaders. Human Capital, April 2016, 23 - 24.
Nigam, A. (2015, October 21). The art of retention. The Times of India. Retrieved from http://epaperbeta.timesofindia.com/Article.aspx?eid=31804&articlexml=The-art-of-retention-21102015203004
Pendse, V. (2014). The new-age employment contract. Human Capital : Realizing Business Strategy Through People, 18(1), 30-34.
Pillai, R. (2010). Corporate Chanakya - Successful management the Chanakya way. New Delhi : Jaico Publishing House.
Rao, S. K., & Goyal, S. (2015, January). 15 HR dilemmas of 2015. People Matters, p.28.
Rop, N.W.C, Amudhaya, M.I., Kanali, C., & Chepkilot, R. (2014). The influence of supervisor-employee relationship on retention of millennial employees in private hospitals in Bomet and Kericho countries, Kenya. International Journal of Advanced Research, 2 (3), 441-447.
Thompson, N. W. (2011). Managing the millennials : Employee retention strategies for Generation Y (CMC Senior Theses). Claremont Mckenna College. Retrieved from http://scholarship.claremont.edu/cmc_theses/240
Umamaheshwari, S., & Krishnan, J. (2015). Retention factors and their relative significance in ceramic manufacturing in India. Canadian Science of Science and Education ; Asian Science, 11(13), 260-268.
Yiu, L., & Saner, R. (2014). Talent attrition and retention : Strategic challenges for Indian industries in the next decade. Elite Research Journal of Accounting and Business Management, 2 (1), 1-9.