Organization Management to Retain Gen Y’s Employees under Multicultural in Thai-Japanese Joint Venture Company

Authors

  • Thunwarat Surattichaikun Graduate School of Management and Innovation, King Mongkut's University of Technology Thonburi
  • Watcharapoj Sapsanguanboon Graduate School of Management and Innovation, King Mongkut's University of Technology Thonburi

Keywords:

Employee Engagement, Job Satisfaction, Generation Y Employees

Abstract

This research aims to study the factors affecting the intention of job resignation for generation-Y employees and to study the employees’ motivation of work at a Thai Japanese joint venture company as a guideline to retain employees. This research deploys quantitative method using questionnaire to collect data. The sample group is 76 generation-Y employees aged between 21 - 38 years (born between 1981 and 2000) from a Thai Japanese joint venture company. A case study company is a factory producing clear glass and processed glass located in Samut Prakan Province. The results show that factors affecting the intention of job resignation for generation-Y employees are career growth, renumeration package, and colleagues. Regarding the challenges causing Gen-Y employees in Thai Japanese joint venture company to resign are discouragement to grow in the company, the job assignment is not suitable with their educational background or intention to do, and the job assignment is not reasonable for the remuneration. Moreover, both the unsatisfying working environment and working conditions also cause Gen Y employees to resign. The solutions to these challenges are the organization should have a clear career path for its employees, having strong coaching team to construct effective coaching methods for new joiners and adjusting company’s regulations for flexibility. This is to develop a Thai Japanese joint venture company to be compatible with Gen-Y employees so that the Gen-Y employees will be in the company for a long time without the intention of resignation.

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Published

2023-04-26

How to Cite

Surattichaikun, T., & Sapsanguanboon, W. (2023). Organization Management to Retain Gen Y’s Employees under Multicultural in Thai-Japanese Joint Venture Company. Journal for Strategy and Enterprise Competitiveness, 2(4), 1–13. retrieved from https://so07.tci-thaijo.org/index.php/STECOJournal/article/view/2438

Issue

Vol. 2 No. 4 (2023): January - April

Section

Research Article

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