Intention to quit in the financial services industry : antecedents and managerial implications

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dc.contributor.authorVan der Merwe, Bahiaen_ZA
dc.contributor.authorMalan, Johanen_ZA
dc.contributor.authorBruwer, Ronelen_ZA
dc.date.accessioned2022-03-03T11:35:41Z
dc.date.available2022-03-03T11:35:41Z
dc.date.issued2020-12
dc.descriptionCITATION: Van der Merwe, B., Malan, J. & Bruwer, R. 2020. Intention to quit in the financial services industry : antecedents and managerial implications. South African Journal of Economic and Management Sciences, 23(1):a3710, doi:10.4102/sajems.v23i1.3710.
dc.descriptionThe original publication is available at https://sajems.org
dc.description.abstractBackground: A review of the literature revealed that the demanding and often challenging nature of work increases the turnover intention of employees. This trend is especially evident within the South African financial services industry. Aim: The research goal was to explore and empirically test a theoretical model identifying the most salient causes of turnover intention among sales employees employed by financial organisations operating in the South African financial service industry. Setting: The study was conducted on employees operating within the financial service industry in South Africa. Methods: The current study collected quantitative data from 102 employees of insurance or banking or investment companies, using a web-based compilation of standardised questionnaires. This followed a previous study by the research group that collected quantitative and qualitative data from 122 employees operating in an insurance environment, using a combination of an open-ended questionnaire and standardised instruments. Results: The results of the current study confirmed the significance of the paths between turnover intention and employee engagement, time wasted on non-core activities, perceived career development opportunities, and perceived supervisor support, mediated by perceived employee engagement. Conclusion: A replication of this study using a longitudinal research design is recommended in order to overcome the methodological limitations of the current study. The conceptual model developed in this study identified relationships that could be used as guidelines to effectively manage the retention of personal financial advisors in the financial service industry in South Africa.en_ZA
dc.description.urihttps://sajems.org/index.php/sajems/article/view/3710
dc.description.versionPublisher's version
dc.format.extent12 pages : illustrations
dc.identifier.citationVan der Merwe, B., Malan, J. & Bruwer, R. 2020. Intention to quit in the financial services industry : antecedents and managerial implications. South African Journal of Economic and Management Sciences, 23(1):a3710, doi:10.4102/sajems.v23i1.3710.
dc.identifier.issn2222-3436 (online)
dc.identifier.issn1015-8812 (print)
dc.identifier.otherdoi:10.4102/sajems.v23i1.3710
dc.identifier.urihttp://hdl.handle.net/10019.1/124315
dc.language.isoen_ZAen_ZA
dc.publisherAOSIS
dc.rights.holderAuthors retain copyright
dc.subjectEmployee moraleen_ZA
dc.subjectJob stressen_ZA
dc.subjectLabor turnoveren_ZA
dc.subjectFinancial services industryen_ZA
dc.titleIntention to quit in the financial services industry : antecedents and managerial implicationsen_ZA
dc.typeArticleen_ZA
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