The New Public Bank Privatization System Leads to the Employee's Intention to Resign: The Example of T Bank
Hui-O Wu, Bih-Shiaw Jaw, Yueh-Chih Hsiao
Institute of Human Resource Management, National Sun Yat-sen University
Department of Marketing and Distribution Management, National Kaohsiung University of Science and Technology
*Correspondence:Hui-O Wu anne24689@gmail.com
Abstract
Reducing the turnover rate of employees has always been an important task of the human resources department of all companies. T Bank introduced a Key Performance Indicator (KPI) in 2013, and it has been implemented for about 7 years. Since full-staff marketing is the design concept of this evaluation system, no matter what position the employee is in, T employees will be evaluated through the same KPI. However, due to the different regions of each branch and the differences in the job functions and business projects of internal and external employees, employees not only have to bear the burden of administrative work, but also must bear performance pressure. Therefore, the study of T bank employee turnover intention is imminent. The subjects of this study are employees of T Bank. A total of 200 questionnaire surveys were conducted through convenient sampling. After excluding invalid questionnaires, 186 valid samples were recovered, and the effective recovery rate was 93%. The research results: (1) Employees' recognition of the KPI system has a negative and significant impact on Job stress; (2) Employees' recognition of the KPI system and fairness of compensation have a positive and significant impact on job satisfaction; (3) Job stress has a positive and significant influence on turnover intention; (4) Job satisfaction has a negative and significant impact on turnover intention; (5) Job stress has an intermediary effect between the KPI system and the intention to leave; (6) Job satisfaction has an intermediary effect between the KPI system, the fairness of remuneration and the intention to leave. Finally, according to the research results, after implementing KPIs for many years, this research puts forward relevant business management strategy recommendations to T Bank. Keywords: KPI System; Job Stress; Salary Fairness; Job Satisfaction; Turnover Intention.