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The moderating effect of alternative job opportunity on the transactional leadership-turnover intention nexus: Evidence from the Ghanaian banking industry

Citation

Amankwaa, A and Anku-Tsede, O, The moderating effect of alternative job opportunity on the transactional leadership-turnover intention nexus: Evidence from the Ghanaian banking industry, African Journal of Business Management, 9, (14) pp. 553-561. ISSN 1993-8233 (2015) [Refereed Article]


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Copyright Statement

Copyright 2015 The Authors Licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) https://creativecommons.org/licenses/by/4.0/

DOI: doi:10.5897/AJBM2014.7612

Abstract

The concept of employee turnover intention has been of great concern to corporations due to the severe cost implications it has on the bottom line of businesses. Interestingly, research has established appropriate leadership behaviours as effective means of mitigating the consequences of this phenomenon. Most of these studies were however done outside Ghana, with emphasis on transformational leadership and other styles of leadership. Given the fact that Ghana has high rate of unemployment, it was imperative to examine how the bivariate relationship in the leadership literature would be altered by alternative jobs. This paper therefore examined the influence of transactional leadership behaviours on employees' turnover intention with the moderating effect of alternative job opportunity in the Ghanaian banking industry. A cross-sectional, descriptive, correlational survey design was adopted for the study. Also, a multi-stage sampling approach was employed in selecting the three hundred and five (305) employees who completed the survey instrument. Correlational and hierarchical regression procedures were used to test the hypotheses. Even though transactional leadership was found not to statistically mitigate employees' voluntary turnover intention, the availability of alternative job opportunities was found to moderate the transactional leadership-turnover intention nexus. Within the Ghanaian banking industry, leadership behaviours that do not focus more on the needs of subordinates as a critical part of task accomplishment will not be appreciated by employees and this stimulates their intention to quit their jobs for other lucrative offers.

Item Details

Item Type:Refereed Article
Keywords:transactional leadership, turnover intention, alternative job opportunity
Research Division:Commerce, Management, Tourism and Services
Research Group:Human resources and industrial relations
Research Field:Human resources management
Objective Division:Expanding Knowledge
Objective Group:Expanding knowledge
Objective Field:Expanding knowledge in commerce, management, tourism and services
UTAS Author:Amankwaa, A (Dr Albert Amankwaa)
ID Code:149349
Year Published:2015
Deposited By:Management
Deposited On:2022-03-27
Last Modified:2022-05-12
Downloads:3 View Download Statistics

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