Exploring The Impact Of Remuneration On Employee Turnover In The South African Diamond Mining Industry
| dc.contributor.author | Kedige, Thabang | |
| dc.contributor.supervisor | Appiah, Erasmus | |
| dc.date.accessioned | 2025-01-23T12:48:51Z | |
| dc.date.available | 2025-01-23T12:48:51Z | |
| dc.date.issued | 2024 | |
| dc.description | A research report Submitted in fulfillment of the requirements in respect of the Master’s Degree Master of Business Administration in the Faculty of Commerce, Law and Management at the University of the Witwatersrand, Johannesburg 2024 | |
| dc.description.abstract | It is argued that well-structured compensation packages not only fulfil employees' basic needs, but also promote a sense of belonging and recognition, thereby reducing turnover intentions. In the context of the South African diamond mining industry, this research study explored the intricate correlation between employee remuneration and turnover, emphasising the central role that work satisfaction and motivation held. It examined how various aspects of remuneration, including perceptions of fairness, appropriateness and the implementation of performance-related incentives directly influenced employees' decisions to either stay, or resign from their companies. By incorporating a comprehensive discussion regarding relevant theories such as Equity theory, Expectancy theory and Maslow's Hierarchy of Needs, this research study provides a nuanced understanding of the motivational dynamics involved in this issue. A qualitative methodology was adopted for this research study in order to explore the experiences and perceptions of employees in this sector. In addition to this, the aim of utilising this method of research was also to provide empirical evidence concerning the effectiveness of different compensation strategies in order to increase job contentment and employee retention. It is expected that the results of this study should provide valuable insight for human resource managers and policy makers in the mining industry. Furthermore, the results are also expected to offer guidance on how to design appropriate compensation systems that will align employee aspirations with the goals of their organisation. In essence, these proposed systems should ultimately lead to lower turnover rates and a more stable workforce | |
| dc.description.submitter | MM2024 | |
| dc.faculty | Faculty of Commerce, Law and Management | |
| dc.identifier.citation | Kedige, Thabang. (2024). Exploring The Impact Of Remuneration On Employee Turnover In The South African Diamond Mining Industry [Master’s dissertation, University of the Witwatersrand, Johannesburg].WireDSpace.https://hdl.handle.net/10539/43649 | |
| dc.identifier.uri | https://hdl.handle.net/10539/43649 | |
| dc.language.iso | en | |
| dc.publisher | University of the Witwatersrand, Johannesburg | |
| dc.rights | © 2024 University of the Witwatersrand, Johannesburg. All rights reserved. The copyright in this work vests in the University of the Witwatersrand, Johannesburg. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of University of the Witwatersrand, Johannesburg. | |
| dc.rights.holder | University of the Witwatersrand, Johannesburg | |
| dc.school | WITS Business School | |
| dc.subject | Remuneration | |
| dc.subject | turnover | |
| dc.subject | retention | |
| dc.subject | motivation and work satisfaction | |
| dc.subject.other | SDG-8: Decent work and economic growth | |
| dc.title | Exploring The Impact Of Remuneration On Employee Turnover In The South African Diamond Mining Industry | |
| dc.type | Dissertation |