Dam, Ngan, Hack-polay, Dieu, Rahman, Mahfuzur and Mahmoud, Ali B. (2023) Psychological Contract and Young Talent Retention in Vietnam: Development and Validation of a Hierarchical Reflective Structural Model. Business, 3 (1). pp. 36-51. ISSN 2673-7116
Full content URL: https://doi.org/10.3390/businesses3010003
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Item Type: | Article |
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Item Status: | Live Archive |
Abstract
This research investigates the relationship between relational psychological contract and the retention of young talents in Vietnam. The study surveyed young employees pertaining to (Generations Y and Z) at BBB Company. The results show an equal weight of transactional and relational psychological contracts in the job satisfaction and retention of young Vietnamese employees. The research compared the relative importance of future growth potential against existing good practices. The results indicate that these two constructs have equal importance, as the value for r square is almost equal. This suggests that from a strategic standpoint Human Resource Management (HRM) ought to prioritise the development of practices that enhance both relational and transactional psychological contracts among young talents in Vietnam. This derives from a cultural transition, which means that both the weights of national culture and globalisation are influencing the choices and loyalty of the younger generations in the workplace. These findings have significant implications for the understanding of how generational differences and culture in-fluence how a company retains their young talents and the importance of psychological contract for young employee commitment in Vietnam in an increasingly competitive environment.
Keywords: | generation Y, generation Z, millennials, transactional psychological contract, relational psycho-logical contract, retention, Vietnam |
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Subjects: | N Business and Administrative studies > N120 International Business studies |
Divisions: | Lincoln International Business School |
Related URLs: | |
ID Code: | 53164 |
Deposited On: | 24 Jan 2023 11:19 |
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