Article 2022

Work values: a latent class analysis of Korean employees

Higher Education, Skills and Work-based Learning
Journal · Vol. 12 · Issue 5 · pp. 834-848
Abstract

Purpose: The purpose of this study is to identify latent classes of work values that influence the career choices of Korean workers through a person-centred approach. Because work values may be diverse in individuals, investigating the various combinations of those values will help understand individual's decisions to take, maintain and leave a job. Design/methodology/approach: The authors used a total of 15,103 datasets collected at the national level in South Korea. Data were analyzed by using latent class analysis (LCA); a three-step approach was employed to address classification. Findings: As the results of this study, Class 3, “seeking balanced work values rather than income,” presented the highest level of job satisfaction, whereas Class 1, “seeking job security and income,” exhibited the lowest. Originality/value: Employing an assessment tool to identify the distinct combinations of work values that individuals possess and then providing them with appropriate training and development programs and customized Human Resource (HR) policies aligned with the classes will be essential tasks for HRD (Human Resource Development)/HRM (Human Resource Management) practitioners. © 2021, Emerald Publishing Limited.

Keywords

Author Keywords

latent class analysis job satisfaction work values

Index Keywords

Author Affiliations
Hanyang University, Seoul, South Korea
Funding & Acknowledgements
Ministry of Education, MOE
This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2021S1A5C2A03088191).
National Research Foundation of Korea, NRF
Grant: NRF-2021S1A5C2A03088191
This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2021S1A5C2A03088191).
National Research Foundation of Korea, NRF
This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2021S1A5C2A03088191).
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