A Study of the Factors Influencing the Turnover of Slovakian Small and Medium-Sized Enterprises

In developed economies, more and more attention is being paid to psychosocial factors affecting employees in the workplace, such as stress from the workplace, the composition of the work group and the quality of the relationship between employees and managers. In recent times, the proper management of human resources within the organization has become a strategic issue since the individual is one of the most important key factors in the competitiveness and success of businesses. In market competition, competitive advantages can be gained by companies that properly combine physical and intellectual resources, thereby creating unique values. It is human knowledge that includes the possibility of innovation, which is essential for gaining competitive advantage, success and continuous development. The main objective of our research was to explore the factors of employee turnover in small and medium-sized enterprises in Slovakia. In order to achieve our objective, we conducted primary research in the form of a questionnaire survey that was carried out in November and December 2022 and involved a total of 370 respondents. The two independent variables analyzed in the course of our own investigations, workplace stress and work environment, significantly contributed to turnover in the case of the examined sample. The variable workplace stress had the greatest effect on turnover, so it is definitely recommended that managers of small and medium-sized enterprises pay more attention to stress management.