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Author(s): Aleš Gregar, Ladislav Kudláček, Gamage Naradda, Kumara Sisira, Hewa Ravindra Kuruppuge

Title: Employment Choice of Non-family Professionals in Family Firms

Source: International Scientific Days 2018 :: Towards Productive, Sustainable and Resilient Global Agriculture and Food Systems :: Proceedings

ISBN: 978-80-7598-180-6


Publisher: Wolters Kluwer ČR, Prague

PY, pages: 2018, 1168-1177

Published on-line: 2018-11-09

Language: eng

Abstract: Favouring to family members, fulfilling of family objectives, and convincing stakeholders to maintain family name have made family firms ‘unprofessional in management practices’ by which limit the attraction of professionally developed, skilful and trained non-family employees to employ in family firms. However, knowing unethical management practices take place in family firms, putting their career development at risk, non-family professionals also select family firms as their employer. Accordingly, this study addresses the research question, why professionals select family firms to employ? Identifying reasons behind the professionals’ choice of employment in family firms serve as the goal of the study. Surveying of 145 non-family professionals employed in different capacities in family firms in Sri Lanka permitted the data analysis of the study. Stepwise logistic regressions with several other descriptive statistics facilitated to make the data analysis. The analysis discloses that the marital status of individuals and the degree of personal rewards from the firm have negatively affected to the choice of family firms by non-family professionals. Job position, work experience, family involvement and recognition of the firm by the society have positively influenced by non-family professionals to select family firms as their employer. Showing a wide spectrum of characteristics in different domains of employees, this analysis concludes that organizational characteristics are more important than socio-demographic and occupational characteristics in the case of non-family professionals’ choice to work in family firms. The least important is reported as socio-demographic characteristics. However, amongst all, recognition of the business by the society remains the first priority in non-family professionals’ choice an employee’s selection to work in a family firms, whilst of least importance is the degree of personal rewards from the business

Keywords: Employee behaviour, family firms, choice of employment, non-family professionals, Sri Lanka

JEL Classification: M12, M51

Rights:Open Access :: Creative Commons BY-NC-SA 4.0 International Licence
Creative Commons License
Toto dielo je publikované pod/This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.