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Is there a Relationship between Psychological Ownership and Turnover Intention among IT Professionals - Report Example

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The paper "Is there a Relationship between Psychological Ownership and Turnover Intention among IT Professionals?" concerns the concept of ownership as an important work-related attitude. The paper focuses on whether psychological ownership is related to turnover intention among IT professionals…
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Is there a Relationship between Psychological Ownership and Turnover Intention among IT Professionals
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Download file to see previous pages Gardner (2004) predicted that psychological ownership will be even more important in the 21st century as organizations continue to confront environmental turbulence, uncertainty, intense competition, and the need for change, continuous improvement, and innovation.
The Information Technology (IT) Age has created many opportunities for employment in the IT and IT services industry. IT professionals are in demand all over the world. Organizations worldwide invest money that goes not only into salaries but for further training of IT professionals they hire. However, around the world, the demand, supply, selection, recruitment, and particularly retention of IT professionals has threatened organizations that use, manage or deal in IT or IT services for the past few years. This is why the departure of an IT professional from a company usually comes with disastrous effects on the organization. When an IT professional resigns, the organization suffers a loss of business process knowledge and acquired technical skills Paré & Tremblay, 2000)
Since late 1996, the turnover for IT professionals has jumped from 15% to 20% annually, with only 8 of 10 IT positions being filled with qualified candidates (McNee et al., 1998). With the annual turnover rate estimated at 20% or more (Kosseff, 1999), job-hopping of IT professionals has been one of the biggest problems among managers and human resources (HR) experts (Paré & Tremblay, 2000). IT professionals seem to have a tendency to change their jobs faster than other employees when they feel dissatisfied with their current employer (Hacker, 2003).
Given the dire situation that the IT industry is faced with, the current paper intends to investigate whether psychological ownership is related to turnover intention among IT professionals. In establishing this relationship, HR may then focus its interventions in developing a stronger sense of psychological ownership among its employees. ...Download file to see next pagesRead More
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