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177 ANALYSIS OF FACTORS AFFECTING TO EMPLOYEE TURNOVER IN MEDIUM SCALED APPAREL INDUSTRY IN SRI LANKA Rajapaksha, U. G. Department of Management and Finance, Kotelawala Defence University, Ratmalana, Sri Lanka Abstract The topic of this research is the factors affecting employee turnover in medium scaled garment industry in Sri Lanka. There were three research objectives; first objective is to identify the factors affecting employee turnover in medium scaled garment industry in Sri Lanka, second objective is to examine the impact of socioeconomic factors on employee turnover and third objective is to examine the impact of organizational factors affecting on employee turnover intention. Literature indicates employees are influenced by pay as the economic variables; age, marital status, sex, education as the demographic variables; upward mobility, integration, occupation, formal and instrumental communication, community participation is the organizational variables to influence on labour intention to leave the organization. As the sample 280 operators were selected from ten garment factories within the Colombo district. As the base of selection of the sample, operators within the factory was selected using simple random sampling method while factories were selected using purposive sampling method. Semi structured questionnaire was used as the quantitative data collection tool and interview also used as the qualitative data collection tool. Collected data was estimated using multi-variate logit model. As the statistical tool, SPSS AMOS (version 22) was used. As the dependent variable, ‘intention to leave’ is used while as the inte rvening variable ‘employee satisfaction’ is used. As the moderating variable ‘distributive justice’ is used while independent variables employee social economic variables, organizational variables were used. Finally study conclude that work life balance, upward mobility and routinization become the core factors while pay does not become a core factor to set a felling in the mind of employees to leave the job. Keywords: Education, Distributive Justice, Labor Turnover 1 INTRODUCTION 1.1 Study Background The Sri Lankan apparel industry has begun in 1960s, manufacturing garment for home country market. But in 1970, the export leaning manufacturing of readymade garments has begun in the industry and it did spread out swiftly following liberalization of Sri Lankan economy during 1977. Throughout 1980s apparel exporting was developing speedy, consequently in 1986, the textile “selling overseas” became the biggest portion which is 27 percent by all exports of Sri Lanka. Garment industry has become the biggest foreign swap earner (US$400Mn) in 1992 which has overtaken the tea trade of the country. Within 1992, the Board of Investment presented the “Two Hundred Garment Factory” program which was a tempting package for all clothing manufactures. This made producers shift to rural regions in the country and this is known as the ‘turning point’ of Garment industry of Sri Lanka. And
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