Significance of the study about the impact of employee turnover intentions on organizational performance of Jubilee Insurance Uganda

The significance of the study about the impact of employee turnover intentions on organizational performance of Jubilee Insurance Uganda can be understood in several ways:

1. Understanding Employee Turnover: The study can provide insights into the reasons behind employee turnover at Jubilee Insurance Uganda. This could include factors such as job satisfaction, compensation, work-life balance, or career growth opportunities. Understanding these factors can help the organization to develop strategies to reduce turnover.

2. Impact on Organizational Performance: High employee turnover can have a negative impact on an organization's performance. It can lead to increased costs related to hiring and training new employees, decreased productivity, and potential loss of knowledge and skills. By studying this impact, the organization can better understand the importance of retaining employees.

3. Development of Retention Strategies: The findings of the study can be used to develop effective retention strategies. This could include improving job satisfaction, offering competitive compensation, providing opportunities for career growth, or improving work-life balance.

4. Benchmark for Other Companies: The study could also serve as a benchmark for other companies in the insurance industry in Uganda. Other companies could use the findings to understand the impact of employee turnover on their own organizational performance and develop their own strategies to reduce turnover.

5. Contribution to Academic Research: Finally, the study could contribute to academic research on the topic of employee turnover and organizational performance. It could provide valuable data and insights that could be used by other researchers in their own studies.