prefix: doi.org/10.52283/1.ajbmr |
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LABOR TURNOVER: A Monstrous Development in a Mono-Cultural Capitalist Economy
â–ºOmah Ishmael, Osamor . I .P and Ojo Agbodu Ayodele Abraham
10.52283/NSWRCA.AJBMR.20120202A05
ABSTRACT
Labor turnover in an illusionary capitalist economies of the 3rd world nations has been on the verge of eroding momentum in the last decade. Hence, the objective of this study is centered on the determination of adverse trend in the mono-cultural society.To determine the rate of influx of labor turnover using “TENDON SCALE” methodology, that will aid in establishing the evils of unemployment generated by it.To examine the advantages of labor turnover, if any, to the organization, as well as the general society, and to recommend a lasting solution that will curb the effects of LT, re-strengthen the labor relation laws of the advantage to the masses. The data collection is mostly based on primary sources as well as historical review of related literature was embarked upon to obtain a wider scope of coverage. Factual discussion was applied on time schedule on selected industries. A structured interview questionnaire was prepared consisting of (50) fifty in number tailored towards allowing individual respondents to expatiate his/her view on the rate of LT in his/her working place. The structured questionnaire was prepared in such away as to segmentize the labor structure/work force on functional basis in order to determine most affected segment of labor force of the organization. The analysis revealed that labor turnover is a hybrid of mono-cultural economy which begets the evils of unemployment ravaging the third world nations. A mono-cultural economy is one without alternative source of revenue, handicapped by vested interest of maraudours governance. A mono-cultural economy is characterized by ambiguity of approach due inconsistency in government policy and ideology, which has nothing to offer (survival of the fittest). When an economy is heavily dependent on one source of mainstay is described as mono-cultural society. Putting financial constraint apart, the study has been characterized by poor responses due to limited knowledge of the term labor turnover to the average worker.Labor laws in most third world nations are tailored to favor the employers rather than the employees, hence the actual cause/causes of LT cannot be ascertained based on responses from the employers and employees.Reasons for job satisfaction/unsatisfaction cannot be established due to the nature of labor laws that permits individual employer to determine the fate of the employees in his organization in mono-cultural economy. Data collection was handicapped by poor responses from the lower segment of the workforce that were restricted from having open interaction with outside visitor. Labor turnover should be a concern of the government for the benefit of its citizenship in all practical wisdom, but this is not the case in mono-cultural economy. It is a case of survival of the fittest, where a citizen is subjected to death penalty by labor laws which should have been in favor of the workforce. Mono-cultural governments are “banana” governments viable only to the survival of the fittest.
Keywords: mono-cultural economy, Banana government, eroding momentum, survival of the fittest, labor laws, heavily dependent, work-force, labor turnover.Pages:39-47 :: Download-View
