TY  - THES
U1  - Bachelor Thesis
A1  - Tschorny, Victoria
T1  - A psychological explanation on the effectiveness of "Pay to Quit" incentives with regards to employee retention
N2  - Successful employee retention remains one of the most critical issues in human resource management. Various retention strategies have been proposed, examined, and empirically tested for centuries to retain valued employees. This research proposes a psychological explanation on the effectiveness of so-called pay-to-quit incentives and hypothesizes that such anti-incentives might be more beneficial than traditional incentives with regards to employee retention. Cognitive Dissonance Theory, Prospect Theory, and Social Identity Theory help to illustrate the underlying psychological mechanisms of pay-to-quit incentives and their impact on choice, attitudes, cognitions, and behavior.
KW  - Pay-to-quit incentives
KW  - Employee retention
KW  - Anti-incentives
KW  - Employee turnover
KW  - Cognitive dissonance
KW  - Prospect theory
KW  - Social identity
Y2  - 2020
SP  - 30
S1  - 30
ER  -