Impact of Employee Turnover in Small and Medium Construction Firms: A Literature Review

Abstract

The issue of employee turnover has raised quite a number of concerns in the construction industries as a result of its effect on productivity. It is a known fact that employees are important stakeholders in the firm, but unfortunately after limited resources have been used in recruiting, training and developing the employees, they leave for other organizations. Employees turnover has drained limited resources of small and medium sized construction firms as the services of the lost employees are no longer available to be utilized by the firm. Hence, this research is aimed at assessing the impact of employees turnover rate in small and medium construction firms in Nigeria. The study adopts a literature review approach to review existing journals in related field so as to arrive at recent findings. However, many of the researches done in this area emphasized on big firms with complex operating structures and strong research and development background. Not much research has examined this concept in the perspective of small and medium sized construction firms. The findings from this study will add to existing body of knowledge in the domain of managing employees in small and medium sized construction firms, thereby increasing job performance and productivity in the sector.