Details

Autor(en) / Beteiligte

• Lora, Eduardo

Titel

The more intra-firm equity, the higher employee retention: Evidence from the universe of urban firms in Colombia/A mayor equidad en las empresas, mayor retención del personal: Evidencia del universo de empresas urbanas en Colombia/Mais equidade nas empresas, maior retenção de pessoal: evidências do universo das empresas urbanas na Colômbia

Ist Teil von

• Estudios gerenciales, 2023-07, Vol.39 (168), p.327

Ort / Verlag

Universidad ICESI

Erscheinungsjahr

2023

Quelle

Business Source Ultimate【Trial: -2024/12/31】【Remote access available】

Beschreibungen/Notizen

• Fairness and equity considerations may influence workers' decision to stay or quit their jobs. This paper tests several hypotheses derived from theory on the relation between intra-firm equity and employee retention. It uses administrative data covering the universe of urban firms in Colombia between 2008 and 2016. The average wage of the firm, the intra-firm dispersion of real wage adjustments, and the share of women in the firm are significantly associated with retention rates in the directions predicted by theory. The intra-firm wage gap is directly associated with retention, at odds with theory. The results suggest that equity considerations are important in employees' decision to stay or quit.