“EMPLOYEES TURNOVER RATE IN OIL REFINERIES- A CASE STUDY OF PAK ARAB REFINERY LTD (PARCO)”

Abstract

Employee’s turnover is the challenging issue for the organizations and has always negative impact on the organizations. When employees leave their company, it does not only reduce the performance of the organizations but also lessen the productivity and profitability of the organizations as well. It also increases the management difficulties and hiring cost for the new people to fill the vacant positions and train them. Major factors involve in employees turn over include: performance appraisal system, organizational policies and their implementations, working environment, job growth, bosses behaviors, benefits, compensation, economic condition of the company and performance of the company, etc. We use primary data to measure the impact of employees turn over company performance. Data collected through structured questionnaire. This paper investigate the factors that cause for employees turn over in an oil refinery Pak Arab Refinery Ltd (PARCO). The empirical evidence shows that the major factors that are causing employees turn over in PARCO are: no employee’s retention policy, unfair performance appraisal system, improper policy implementation, low promotion prospective and low compensation. This study also examines the impact of employees turn over on the PARCO’s performance. The evidence shows that the performance of the organization affects when experienced employees leave the company. The authors recommend is that PARCO needs to review its policies to retain their valuable employees and stop to drain the talent.

Keywords: Employees turn over, PARCO


Article Review Status: Published

Pages: 73-86 (Download PDF)

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