Strategy for Minimizing Tech Talent Turnover Through the Implementation of Employee Stock Ownership Plan

Authors

  • Dani Rusda Taufani Departement of Management, Faculty Magister Management, Universitas Komputer Indonesia, Jalan Dipati Ukur No 112 - 116 Bandung
  • Herman S Soegoto Departement of Management, Faculty Magister Management, Universitas Komputer Indonesia, Jalan Dipati Ukur No 112 - 116 Bandung

DOI:

https://doi.org/10.34010/icobest.v4i.370

Keywords:

Tech-talent, Turnover Rate, Employee Stock Ownership Plan

Abstract

This research aims to formulate a strategy for minimizing tech talent turnover by implementing the Employee Stock Ownership Plan (ESOP) system. The method used in this research is a qualitative method and uses data analysis techniques, namely multiple linear regression using SPSS software. The results of this research have potential implications for organizations looking to reduce tech talent turnover. By implementing the ESOP system, organizations can potentially increase job satisfaction and loyalty, which in turn can reduce turnover. However, the research has shown that stock ownership benefits are not as attractive as cash or instant benefits. Therefore, organizations should consider offering a combination of both stock ownership benefits and cash or instant benefits in order to maximize the impact of their talent retention strategy. Additionally, organizations should consider implementing other strategies, such as providing a comprehensive wellness program, offering flexible work arrangements, and providing career development opportunities, to further reduce tech talent turnover

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Published

2023-03-31

How to Cite

Taufani, D. R. ., & Soegoto , H. S. (2023). Strategy for Minimizing Tech Talent Turnover Through the Implementation of Employee Stock Ownership Plan. Proceeding of International Conference on Business, Economics, Social Sciences, and Humanities, 6, 205-212. https://doi.org/10.34010/icobest.v4i.370