Effects of Intrinsic and Extrinsic Factors on Voluntary Employee Turnover : An Alternative Exposition.

High valued employees'quitting behaviour is a major problem fororganizations to maintain or achieve competitive advantage in the present hypercompetitive market condition. After economic globalization, the socio-economic environments both locally and globally have been continuously changing and that in turn affect employee's attitude as well as their decision making process related to their turnover intents. Present study argues that employees are now well aware of their capabilities, market condition and plausible alternative job opportunities. Their decisions to change jobs are not only for achieving their career objectives but also enhancing their socio-economic welfare. As a result, a rational employee takes extrinsic turnover impulsive offers as achievable alternative opportunities and the ultimate decision of staying into or quitting the organization dependson financial and social trade-offs. For formulatingemployee retention strategies, employees' coreattitudewhich developed by their socio-economic environment has to be taken into account. [ABSTRACT FROM AUTHOR]