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System of Human Management Processes to Improve the Predictors of Staff Turnover in SMEs Dedicated to the Service Sector

  • Universidad Peruana de Ciencias Aplicadas

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

Staff turnover is a consistent threat for companies, as the cost overrun generated by each rotated employee may be between 80% and 130% of an average salary. In Peru, small and medium-sized companies in the service sector have the highest turnover rate (19%). Therefore, it is necessary to strengthen the management of human talent within such types of enterprises and establish relevant mechanisms to curb or reduce the significant predictors of staff turnover. Thus, this paper proposes a system composed of three processes: Workload Distribution, Professional Growth and Development, Compensation and Rewards. For the conceptual validation, experts agree that the probability of success of the expected results of the system is greater than 75%. It can be concluded from this that the proposed system would reduce the probability of employees of SMEs in the service industry leaving the workplace.

Original languageEnglish
Title of host publicationHuman Interaction, Emerging Technologies and Future Systems V - Proceedings of the 5th International Virtual Conference on Human Interaction and Emerging Technologies, IHIET 2021 and the 6th IHIET
Subtitle of host publicationFuture Systems IHIET-FS 2021
EditorsTareq Ahram, Redha Taiar
PublisherSpringer Science and Business Media Deutschland GmbH
Pages1227-1234
Number of pages8
ISBN (Print)9783030855390
DOIs
StatePublished - 2022
Event5th International Virtual Conference on Human Interaction and Emerging Technologies, IHIET 2021 and 6th International Conference on Human Interaction and Emerging Technologies: Future Systems, IHIET-FS 2021 - Virtual, Online
Duration: 27 Aug 202129 Aug 2021

Publication series

NameLecture Notes in Networks and Systems
Volume319
ISSN (Print)2367-3370
ISSN (Electronic)2367-3389

Conference

Conference5th International Virtual Conference on Human Interaction and Emerging Technologies, IHIET 2021 and 6th International Conference on Human Interaction and Emerging Technologies: Future Systems, IHIET-FS 2021
CityVirtual, Online
Period27/08/2129/08/21

Keywords

  • Compensation and rewards
  • Human resource management
  • Professional Growth and Development
  • SME
  • Staff turnover
  • Workload distribution

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