THE IMPACT OF BUSINESS CYCLES ON THE EMPLOYEE TURNOVER PROCESS IN THE AUTOMOBILE INDUSTRY, CHENNAI, INDIA

The automobile industry is a significant industrial and economic force globally and in India; it also represents a substantial portion of the country's growth. Frequent change in government policy and work profile of employees affects job satisfaction, consequently influencing voluntary employee turnover. The study is empirical and descriptive in nature; it indicates practical implications for the management in the automobile industry in Chennai, India. Seventy-five valid samples were selected for the study, and regression and correlation analysis were used to check whether the data collected was statistically significant. The study findings served as insights that changes in regulatory matters, advancement in technologies and evolving employee roles could impact attrition in the industry. The outcome of the study implies that organization should constantly provide re-orientation and up-skilling to help employees cope with the changing environment in the industry and also create a culture that promotes employee wellbeing that aids retention.