Millennial Turnover Intention Predicted by Corporate Social Responsibility and Compensation Satisfactio

The purpose of this quantitative study is to understand the motivation of employed millennial's turnover intention. The relationship was explored through the study of compensation and corporate social responsibility (CSR) values in the decision-making process. To date, research has focused on student populations from multiple generations and has been conducted in various countries, though attention has been given to the influence the variables have on the decision making process of individuals that are part of the workforce. A total of 68 individuals, that identified as having met the requirements of being a millennial and having been full-time employed for at least three years, provided input via an online disseminated survey which used a non-experimental design for data collection. The survey consisted of three separate smaller surveys identified to measure the predictor variables (compensation satisfaction, CSR values) and the predicted variable (turnover intention). This study expanded previous research to the workplace, while specifying the population to millennials. A multiple regression and stepwise backward regression was used in analyzing the data and understanding the relationship between the variables. The findings indicated that of the two independent variables (compensation satisfaction and CSR values), only CSR values had a statistically significant predictive relationship with turnover intention. The findings demonstrate the value to organizations that incorporating CSR initiatives has toward retaining millennial employees.