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Factors Influencing the Intention to Stay Among Skilled Labors of Precision Machining Industry in Malaysia

In: Proceedings of the 13th International Conference on Business, Accounting, Finance and Economics (BAFE 2025)

Author

Listed:
  • Chong Yeow Ping

    (Universiti Sains Malaysia, Graduate School of Business)

  • Noor Fareen Abdul Rahim

    (Universiti Sains Malaysia, Graduate School of Business)

Abstract

The precision machining sector in Malaysia plays a vital role in high-impact industries such as automotive, aerospace, and electrical and electronics. However, the industry is increasingly challenged by difficulties in retaining skilled labor, which threatens productivity, quality, and overall competitiveness. Rising global competition, rapid technological change, and growing demands for high-quality products have heightened these pressures. Employee turnover has become a critical issue, with projections indicating that up to 38% of workers may consider leaving by 2025. Such turnover disrupts operations, weakens stakeholder relationships, and imposes substantial financial costs due to recruitment, training, and productivity losses, while also risking the erosion of intellectual and technical expertise. Addressing these challenges is essential to sustaining talent and ensuring operational continuity. This study aims to examine organizational and career-related factors that influence employees’ intention to stay, focusing on learning and development, career advancement opportunities, work environment, perceived organizational support, and employee engagement. Guided by Social Exchange Theory (SET), the study posits that employees’ decisions to remain are shaped by their perceptions of value, support, and reciprocity within the organization. Using a quantitative design and structured questionnaires distributed to skilled workers in Malaysian precision machining firms, the findings are expected to inform more effective talent management strategies that strengthen workforce sustainability in the sector.

Suggested Citation

  • Chong Yeow Ping & Noor Fareen Abdul Rahim, 2025. "Factors Influencing the Intention to Stay Among Skilled Labors of Precision Machining Industry in Malaysia," Advances in Economics, Business and Management Research, in: Thurai Murugan Nathan & Abdelhak Senadjki & Hemaniswarri Dewi Dewadas & Siti Nur Amira Othman & Ravi (ed.), Proceedings of the 13th International Conference on Business, Accounting, Finance and Economics (BAFE 2025), pages 538-558, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-968-1_37
    DOI: 10.2991/978-94-6463-968-1_37
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