Practical Tactics to Reduce Employee Turnover: Study of Broiler Chicken Traders MSMEs (UMKM) on Wage Policies
DOI:
https://doi.org/10.54956/eksyar.v11i1.585Keywords:
Employee Turnover, Wage, SWOT Analysis, Team memberAbstract
Team member (employee) turnover is a problem often faced by micro, small and medium enterprises (MSMEs/UMKM), including broiler chicken traders. High team member turnover rates not only hurt the continuity of business operations but also incur additional costs in recruiting and training new employees. Therefore, MSME/UMKM Broiler Chicken Traders needs to design an effective wage policy strategy to reduce team member turnover rates through SWOT analysis. The research objectives are to identify wage policy's internal strengths and weaknesses, identify external opportunities in the industrial environment, identify external threats from factors such as industrial competition, and formulate a sustainable wage policy strategy. The research method used is descriptive-qualitative to understand employees' context, processes and experiences as factors influencing team member wage and turnover policies. The research results show the importance of understanding the labour market and team member needs and evaluating previously implemented wage policies to design competitive wage policies and meet team member expectations. This article will provide comprehensive guidance for MSME/UMKM broiler chicken traders in developing an effective and sustainable wage policy.
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