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Human Resource Management in Health Care Industries for Generation Y: Challenges of the 21st Century

Year: 2022

Type: article

Abstract: Frequent turnover is observed in health care industries worldwide. The purpose of this study was to determine the impacts of management initiatives and soft HRM on Generation Y (Gen Y) employee retention to combat the massive losses due to Gen Y's high turnover rates. This study collected the survey data from 500 Gen Y health care providers employed by private hospitals and clinics in Bangladesh. Partial least squares structural equation modelling (PLS-SEM) was used to analyse the model to assess the parameters in the path model. The findings show the significant positive effects of management initiatives and soft HRM on Gen Y employees' retention. Thus, this research contributes to the body of knowledge related to healthcare industries by enriching the perception of management initiatives and soft HRM on employee retention. Furthermore, this study found significant positive effects of management initiatives and soft HRM on Gen Y employee retention mediating through job satisfaction.

Source: Australasian Accounting Business and Finance Journal

DOI: 10.14453/aabfj.v16i1.3

Authors: Md Mahamudul Hassan, Mohammad Nurul Alam, Nadine Campbell, Dorothea Bowyer, Md Reaz

Institutions: Taylor's University, Universiti Tenaga Nasional, Western Sydney University

Language: English

Topic: Human Resource and Talent Management

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Good health and well-being

Open Access status: diamond

OpenAlex ID: W4211072608

FWCI: 3.568

Cites: 58

Cited by: 18

Related to: 10