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Publication

The Value Of Employee Retention: Evidence From A Natural Experiment

Kenneth Younge
2015
Journal Articles

Résumé

We estimate the firm-level returns to retaining employees using difference-in-differences analysis and a natural experiment where the enforcement of employee noncompete agreements was inadvertently reversed in Michigan. We find that noncompete enforcement boosted the short-term value of publicly traded companies by approximately 9%. The effect is increasing in local competition and growth opportunities, and offset by patenting.

Source officielle

Kenneth Younge
2015
Journal Articles

Résumé

Source officielle

Concepts associés (19)

Employee engagement

Employee engagement is a fundamental concept in the effort to understand and describe, both qualitatively and quantitatively, the nature of the relationship between an organization and its employees. An "engaged employee" is defined as one who is fully absorbed by and enthusiastic about their work and so takes positive action to further the organization's reputation and interests. An engaged employee has a positive attitude towards the organization and its values.

Expérience naturelle

Une expérience naturelle ou expérimentation naturelle est une expérience dans laquelle l'assignation aléatoire au traitement est provoquée par des causes naturelles et/ou politiques. On oppose ainsi les expériences naturelles aux expériences contrôlées dans laquelle l'assignation au traitement est aléatoirement déterminée pour les besoins de l'étude. Par exemple, David Card a utilisé l'exode de Mariel comme une expérience naturelle pour mesurer l'effet de l'immigration sur le marché du travail en Floride.

Employee retention

Employee retention is the ability of an organization to retain its employees and ensure sustainability. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period). Employee retention is also the strategies employers use to try to retain the employees in their workforce. A distinction should be drawn between low-performing employees and top performers, and efforts to retain employees should be targeted at valuable, contributing employees.

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The Value Of Employee Retention: Evidence From A Natural Experiment

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