Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 An Empirical Study of the Impact of HR Practices on Employee Satisfaction and Employee Retention: The Case of AASTMT Niveen M. El Sagheir Employee satisfaction and loyalty is one of the most important challenges that Educational sector is facing in current competitive market. The main purpose of study is to find the relationship between three HR practices i.e. compensation, empowerment and appraisal system and employee satisfaction & loyalty in the Education private sector of Egypt. For this purpose, The Arab Academy for Science and Technology and Maritime Transport (AASTMT) has been chosen as one of the biggest learning institutions in Egypt. Accordingly, a questionnaire was distributed 140 employees at the Arab Academy for Science and Technology (AAST) in Egypt, which are the full list of employees at the College of Management and Technology. Data collected was statistically analyzed using SPSS and the findings revealed interesting conclusions and could be used as a road map for employers on how to promote knowledge sharing inside organizations. Statistical software SPSS 17 has been used for validity, reliability, and correlation and regression analysis. Employee compensation is found to be most important factor for creating satisfaction among employee while employee empowerment is found to be significant factor for developing employee loyalty. Theoretical and managerial implications along with limitations for future research have also been discussed. Key words: Employee Empowerment Employee Compensation Appraisal System Employee Satisfaction, Employee Loyalty Egypt . I. Introduction Employees are the backbone of an organization. Hence, the retention of the employees is important in keeping the organization on track. In order to retain the best talents, strategies aimed at satisfying employee’s needs are implemented, regardless of global companies or small-sized firms. Generally, organization would retain their personnel for a specified period to utilize their skills and competencies to complete certain projects or execute tasks. In another word, we can understand it as employee retention where the scope of task, is however, often larger than a simple task and more preferably a job in real world. Retaining the desirable employees is beneficial to an organization in gaining competitive advantage that cannot be substituted by other competitors in terms of producing high morale and satisfied coworkers who will provide better customer service and enhanced productivity, which subsequently resulting in sales generating, customer satisfaction, smooth management succession and improved organizational learning (M. Heathfield, 2005). ________________________________________________________________________ Dr. Niveen M. El Sagheir, Email: niveenmohamed@yahoo.com, Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 II. RESEARCH AIM The main purpose is to reflect how employee empowerment, training, job appraisal and compensation affect lecturers in their retention with College of Management and Technology through concentrating on the effectiveness of existing training programs, employee empowerment, job appraisal and compensation in retaining employee from the academicians’ perception. By collecting academicians’ opinions, it would reflect how they perceive as satisfactory development which may enhance their future career planning and job promotion. HYPOTHESES OF STUDY Employee Training H0: There is no significant relationship between employee training and employee retention. H1: There is significant relationship between employee training and employee retention. Appraisal System H0: There is no significant relationship between appraisal system and employee retention. H1: There is significant relationship between appraisal system and employee retention. Employee Compensation H0: There is no significant relationship between employee compensation and employee retention. H1: There is significant relationship between employee compensation and employee retention. Employee Empowerment H0: There is no significant relationship between employee empowerment and employee retention. H1: There is significant relationship between employee empowerment and employee retention. HRM practices are crucial for firm performance. Firms have used human resource practices to achieve their performance, especially in relation to retention. The impact that human resource practices have on firm performance are deceptive, as many researchers have shown in their studies from the United States and Europe (P. Boselie, et al.,) , [K. Hoque ] to Asia [I. Björkman], [H.-Y. Ngo, et al. 1998),and Africa [F. Ghebregiorgis 2007]. Human resource management practices involve of many policies and practices that are used by managers to Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 recruit, select, develop, utilize, reward, and maximize the potential of human resources in organizations [L. C. Megginson 1995]. They have been studied comprehensively by researchers, but the ones that have a significant effect on firm performance are compensation, empowerment, appraisal, and training [C. Ichniowski1998], [J. D. Shaw 1998]. These are considered by organizations to be important human resource practices for the following reasons. Compensation & benefits management and reward system are needed in organizations for financial income and well-being of their employees. Employees’ living status in society, satisfaction, loyalty, and productivity are influenced by compensation [K. Aswathappa2008]. Employees need to be provided with training & development to develop their skills and perform better at work. Training can lead to superior knowledge, skills, abilities, attitudes, and behavior of employees, thereby enhancing excellent financial and non-financial performance of the organizations As for firm performance, employee retention is chosen as the observed variable since previous studies have shown how it has been related to effectiveness as a human resource outcome [11]. III. LITERATURE REVIEW AND HYPOTHESES Human Resource Management Practice Using the HR system concept, human resource practice, which is the HR process part of the human resource management system A. A. Lado ], will be examined in this study. HR practices have been defined as a set of distinct yet interrelated activities, functions, and processes aimed at attracting, developing, and maintaining a firm’s human resources [ A. A. Lado]. a. Compensation Compensation refers to all forms of financial returns and tangible benefits that employee receives as part of the employment relationship [H. J. Bernadin].[ R. O. Odunlade2012]. Compensation’s one of the main features used by organizations to attract and retain their most valuable and worthy assets [R. I. Khan etal:2011]. It is known to have a positive relationship with employee retention [E. N. C. Hong etal:2012]. Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 b. Training Training & development refers to a systematic development of the knowledge, skills and attitudes required by employees to perform adequately a given task or job [E. J. A. Abiodun1999]. It is regarded as the most common human resource practice [S. S. Tzafrir1999]. When employees feel that training is available at all times, they will have a sense of emotional attachment and commitment to the organizations, and are thus less likely to leave their jobs [ M. Ashar]. [M. A. Huselid1995] Also suggested that training is an important determinant of employee retention. This is further supported by [P. Bamberger 2009]. Furthermore, when managers provide opportunities for training and support regarding career development, they help create employee development and drive employee engagement [E. M. Mone 2009]. c. Empowerment It is the process in which the employees are involved in decision-making, are appreciated and provided proper training and support. Nowadays, many organizations are trying to delegate the decision-making process to the lower level employees. According to Bowen and Lawler (1995), there is a significant relationship between employee empowerment and intent to leave. Laschinger, Finegan and Sharmian (2002) showed that empowerment leads to higher job satisfaction among employees. At the same time, there are plenty of ways of executing this process whether by providing adequate training, market competitive compensation or effective performance management. d. Performance appraisal It is a process of inspecting and evaluating an individual’s performance in his duty to facilitate the decision of career development of the individual. It evaluates the individual overall contribution to the organization through assessment of his internal characteristics, working performance and his capability to pursue higher position in organization (Gruman & Saks, 2011). e. Employee Retention Employee retention refers to policies and practices companies use to prevent valuable employees from leaving their job. It involves taking measures to encourage employees to remain in the organization for the maximum period of time. Hiring knowledgeable people for the Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 job is essential for an employer. But retention is even more important than hiring. This is true as many employers have underestimated costs associated with turnover of key staffs (Ahlrichs, 2000). Turnover costs can incurred with issues such as reference checks, security clearance, temporary worker costs, relocation costs, formal training costs and induction expenses (Kotzé and Roodt, 2005) High turnover rate in an organization may affect the reputation and image of the organization. Employee replacement is problematic and costly because the organization has to train a new employee if an experienced employee resigned. Some studies have identified that lack of job dissatisfaction (Moore, 2002) and low level of empowerment (Boundrias et al., 2009) and low levels of support of superiors (Hatton and Emerson, 1998) may lead to turnover (Salman, Iqbal and Chandran, 2010). Empowered employees tend to be more confident and try to give their best to employer because they are given more authority in decision-making process (Hummayoun Naeem and Muhammad Iqbal Saif, 2010) IV. RESEARCH FRAMEWORK Trainin g compensation Performance appraisal empowermen t Employee retention 4.1 Introduction In this section, the researcher will determine the appropriate research methodology for the current study, display how data was collected, as well as setting the research hypotheses. 4.2 Research Approach Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 As a general rule, research methodologies can be broadly classified into two distinct approaches. They are the scientific empirical tradition and the naturalistic phenomenological modes (Sekaran, 2003). These two approaches are commonly known as Quantitative and Qualitative research methods respectively. The quantitative research approach is derived from the natural sciences, where the research data is usually in the form of precise numbers that have been collected in clear defined steps. It is generally characterized by a methodology of formulating hypotheses that are tested through controlled experiment or statistical analysis. This approach includes the following types: (Sekaran, 2003) 1. Experiments: True experiments are characterized by random assignment of subjects to experimental conditions and the use of experimental controls. 2. Quasi-Experiments: Quasi-experimental studies share almost all the features of experimental designs except that they involve non-randomized assignment of subjects to experimental conditions. 3. Surveys: Surveys include cross-sectional and longitudinal studies using questionnaires or interviews for data collection with the intent of estimating the characteristics of a large population of interest based on a smaller sample from that population. In the research under study, the researcher uses the quantitative approach as the current research is using survey. 4.3 Data Selection Data was collected for 52 questionnaires from employees in Arab Academy for science, technology and maritime transport. In the current research, the researcher will present the empirical study and findings obtained by analyzing the data under study using Statistical Package for Social Science (SPSS) – version 22. This was done through the following; first of all, the researcher will test the validity and reliability of the data under study, as well as verifying assumptions of ordinary least squares method for regression analysis. Also, the researcher will introduce some descriptive analysis regarding the data under study using frequency tables. In addition, the researcher will test the relations between the dimensions under study by constructing a correlation matrix Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 between each pair of the dimensions under study. Finally, the researcher will introduce a regression analysis to test the effect of dimensions under study on Employee Retention. V. RESEARCH ANALYSIS 5.1Testing In this section, the researcher tests if data is reliable and valid or not. If both conditions are satisfied, the researcher can start using the data available in responding to the hypothesis already set above. 5.1.1 Validity Testing Validity means the extent to which an instrument measures what it supposes to measure correctly (Hair, Anderson, Tatham, & Black, 1998; Sekaran & Bougie, 2005). One of the validity testing is Convergent validity, which tests the data using factor analysis (multivariate technique) that confirms whether or not the theorized dimensions are applicable (Sekaran & Bougie, 2005). Convergent validity was essential to ensure that the items measuring the same construct are highly correlated (Hair et al., 1998). In order to test the convergent validity, the average value extracted for each of the scales was calculated. The average variance extracted (AVE) represents the average community for each latent factor, and in an adequate model it should be greater than 0.5, which means that the factors should explain at least half the variance of their respective indicators (Garson, 2011; Hair et al., 1998). The results of the factor analysis conducted on the current research constructs indicate that AVE values for all scales under study were found to be greater than 0.5 or 50%, as represented in Table 1, which means that all dimensions under study are all having convergent validity. Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 Table 1 Average Variance Extracted and factor Loadings Variables Under AVE in % Study Empowerment E3 81.769 E4 Compensation C2 83.992 C4 Training & Development T1 72.128 T2 Appraisal System A1 74.344 A2 Employee Retention R1 R2 68.878 R3 Factor Loading Items of 0.818 0.818 0.840 0.840 0.721 0.721 0.743 0.743 0.692 0.693 0.681 Also, item loading can be evaluated by the size of the loadings of the measures on their corresponding constructs. The loadings should be at least 0.60 or above (Chin, 1998) indicating each measure is accounting for 60 percent or more of the variance of the underlying latent variable (Fornell and Larcker, 1981). Table 1 shows that all loadings of items for each of the variables under study exceed 0.60. This indicates adequate convergent validity for the variables under study. 5.1.2 Reliability Testing Cronbach's Alpha, as the most commonly used test of reliability, was applied, where Alpha coefficient ranges in value from 0 to 1. The higher the score, the more reliable the generated scale is. It was indicated that 0.7 is an acceptable reliability coefficient but lower thresholds are sometimes used in the literature. (Nunnaly, 1978) The results are shown in Table 2 below, where alpha values revealed the reliability and the internal consistency between the selected items of the studied variables. It can be shown Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 that the values of cronbach’s alpha for the variables under study exceeds 0.7, which is an acceptable level for the reliability of the variables. Table 2 Reliability Test for Variables under Study Variables Number Reliability of items Indicator Empowerment 2 0.773 Compensation 2 0.807 2 0.713 2 0.753 3 0.773 Training & Development Appraisal System Employee Retention 5.1.3 Testing Multicollinearity Multicollinearity occurs when two or more predictors in a model are highly correlated so as they provide redundant information about the response. With respect to the assumption of multicollinearity in the current study, variance inflation factor (VIF) was conducted for the 3 models under study. The VIF value for all models under was shown to be less than 5. This result indicates that the independent variables are not intercorrelated among themselves implying that the problem of multicollinearity does not exist. Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 Table 5 Multicollineraity Testing VIF Variables Indicator Empowerment 1.160 Compensation 1.213 Training & 1.342 Development Appraisal System 1.367 Employee 1.160 Retention 5.2 Analysis In this section, the researcher will introduce descriptive analysis using frequency tables, as well as conducting correlation matrix and regression analysis to test the relations between dimensions under study. 5.2.1 Descriptive Analysis Observing table 6, it can be found that the response of the sample under study is relatively higher in the agree level than that in disagree level. Frequency Variable Strongly Disagree Neutral Disagree Empowerment 0 Compensation 0 Training 2 Appraisal 1 Retention 2 4 4 5 3 6 11 2 5 6 19 Agree Strongly 22 25 23 27 15 Agree 15 21 17 15 10 Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 5.2.2 Hypotheses testing 5.2.2.1 Correlation Matrix In this section, the researcher attempts to find a link between the studied independent variables and the dependent variable. The correlation matrix is a matrix giving the correlations between all pairs of data sets. It provides the Pearson’s Correlation Coefficient between variables under study and each other, to be able to evaluate the relationship between those two variables. Pearson's correlation is used to find a correlation between at least two variables. The value for a Pearson’s correlation can fall between 0.00 (no correlation) and ±1.00 (perfect correlation). Pearson correlation analysis is conducted to analyze the constructs and test direct relationship between pair of variables (Foster et al., 2001). A correlation matrix between the variables under study is constructed, where the value of Pearson’s correlation is calculated between each pair of variables under study to investigate the relationships between the variables. Results shown in the table below identify that the correlations between Employee Retention and other dimensions; Empowerment, Compensation, Training, and Appraisal are 0.347, -0.072, 0.312, and 0.450 respectively. It was found that there is a significant positive but weak relation between Employee Retention and the dimensions; Empowerment, Training and Appraisal. On the other hand, it was found that there is an insignificant relation between Employee Retention and Compensation. Regression analysis is widely used for prediction and forecasting. Regression analysis is also used to understand which among the independent variables are related to the dependent variable, and to explore the forms of these relationships. By using regression analysis, one may assess the direct relationship between variables as well as show the causal relationship and the nature of relationship between variables (Aiken et al., 1991; Foster et al., 2004). Through this section, a regression analysis will be presented for the relationships among variables under study according to the predefined model relations. A multiple linear model is fitted between Employee Retention as a dependent variable, and the variables Empowerment, Compensation, Training, and Appraisal. The results were Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 shown in the following table 8. Table 8 Model Summary R Square F-Test Sig. 1 .353 6.272 0.000 It was found that the model coefficient of determination (R Square) equals 35.3% in the table below. This means that the model explains 35.3% of the variance in Employee Retention. This means that there may be other variables affecting Employee Retention other than the ones in the current study and which can explain the remaining percentage of unexplained variation in Employee Retention. In addition, observing significance, it is found that the model as a whole is significant (P-value = 0.000). Table 9 shows that the variables Empowerment and Appraisal System are having a positive significant impact on the dependent variable “Employee Retention” at 0.01 significance level. Also, the researcher could find that the importance of the variables could be ranked with respect to Employee Retention as follows; Appraisal System, then Empowerment. This rank is according to the values of standardized coefficients, which are; 0.394, 0.267 respectively. Proceedings of 3rd European Business Research Conference 4 - 5 September 2014, Sheraton Roma, Rome, Italy, ISBN: 978-1-922069-59-7 Table 9 Regression Model and Coefficients Unstandar dized Coefficient s Standardi B (Constant) zed Beta t .56 .57 7 4 .431 Empowerme .310 nt Appraisal .454 System Sig. .367 2.1 .03 25 9 -.328 3.1 .00 29 3 LIMITATION OF THE STUDY In this research, researchers encountered a few limitations. The researchers solved the problems faced to make sure the research can be done in time Conclusion: As what the study has shown, there are significant relationship between the factors of training, compensation and appraisal on AASTMT lecturer’s retention. However It was found that there is a significant positive but weak relation between Employee Retention and the dimensions; Empowerment, Training and Appraisal. 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