The Influence of Family-Friendly Policies on Turnover and Performance in South Korea. (December 2014) - Bae, Kwang Bin
This study investigates the relationship between family-friendly policies and organizational performance, voluntary turnover rate, and labor productivity, using the Korea Workplace Panel Survey data from 2005 to 2009. The sample of this study consists of 158 public organizations in South Korea. This study uses panel data analysis to estimate the family-friendly policy effect. The result of the analysis suggests that the number of family-friendly policies is positively associated with labor productivity in public organizations. However, the number of family-friendly policies does not reduce the turnover rate. In addition, unionization has shown to decrease turnover rate and is positively associated with labor productivity in public organizations. The proportion of female workers has a positive relationship with turnover rate in organizations.