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Analysis of the Causes of Turnover and Staff Retention Opportunities in the Petrochemical Company

Student: Anna Matytsina

Supervisor: Evgenia S. Balabanova

Faculty: Graduate School of Business

Educational Programme: Management (Bachelor)

Year of Graduation: 2016

This work is aimed at labor turnover analysis in the organization. The practical importance of the research lies on the fact that petrochemical sector of the economy may be characterized as sector with the high rate of labor turnover in companies. At the same time, the reasons for this are diverse and not clearly specified. The methods used in the research, in-depth interview and questionnaire, were aimed at getting information about personnel needs satisfaction in the company under consideration. As a result, the data obtained through the research, allowed defining the number of factors that influence directly the labor turnover in the company. Thus, this made it possible to make some organizational considerations in order to reduce labor turnover.

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