The Effects of Workplace Stress, Work-Life Balance on Turnover Intention: An Empirical Evidence from Pharmaceutical Industry in Thailand
Chayanan Kerdpitak, Kittisak Jermsittiparsert.
Turnover intention is an individual’s thinking on the probability of switching the job within a certain stretch of time. Due to turnover intention on employee’s mind, employee’s responsibilities in the organization might be hampered which will make ultimate damage to working productivity of the company. It has been extensively discussed by a lot of researchers from various perspectives on main reasons for studying turnover intention. There are several aspects which would make influence on employees to have an intention to switch the jobs. In this study, the researchers attempt to investigate the influence of workplace stress and work life balance on turnover intention of the employees in pharmaceutical industry of Thailand. Workplace stress is one of the major contributors of how the employees perform for their job. Work-life balance deals with the techniques for balancing the professional life and private life that an individual request for the home and work. This research is a quantitative research which utilizes structural equation modelling by using Smart PLS version 3. The unit of analysis is the individual employee working in one of the pharmaceutical companies in Thailand. Total 300 employees selected from these 13 companies for distributing the questionnaires. A total of 277 usable questionnaires were collected back and proceeded for further analysis. Findings showed that, work life balance and workplace stress significantly influence the turnover intention of the organization.