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A Model for Determinants of Employees' Attraction and Retention in the Banking Industry of Tanzania: Employees' Perspective
Umeå University, Faculty of Social Sciences, Umeå School of Business.
2009 (English)Licentiate thesis, monograph (Other academic)
Abstract [en]

Since the liberalization of the economy in early 1980s, Tanzania has witnessed an increased labour mobility in its various sectors and industries of the economy including the banking industry. This situation has been partly contributed by the rapid growth of the private service sector.

The rapid growth of the private sector in general and the banking industry in particular has been the response to the advice advanced by the World Bank (WB) and the International Monetary Fund (IMF) through the Structural Adjustment Programmes (SAPs); to facilitate the market oriented economy with less state intervention.  As a result a number of privately owned financial institutions have emerged. Similarly, the government privatized the formerly publicly owned banks. The cumulative impacts of this situation have been the increased demand for qualified employees in the banking industry and hence leading to fierce competition for highly qualified employees among the banking institutions.

The major objective of this study was to develop a conceptual framework/ model for studying the determinants of employees’ attraction and retention in the banking industry of Tanzania. The developed conceptual framework was based on the review of various relevant theories, empirical studies and the empirical findings gathered from two case studies.

The findings of this study revealed that there are three categories of determinants of employees´ attraction and retention in the banking industry which include; individual employee factors, organizational constructed factors and external critical business environment factors as depicted in figure 8-1 of this thesis.

Place, publisher, year, edition, pages
Umeå: Umeå universitet , 2009. , 179 p.
, Företagsekonomiska publikationer, ISSN 0349-2230 ; 206
National Category
Business Administration
Research subject
Business Studies
URN: urn:nbn:se:umu:diva-23108OAI: diva2:220169
2009-05-07, Samvetet, Samhällsvetarhuset, Umeå, 00:00 (English)
Available from: 2009-06-17 Created: 2009-05-29 Last updated: 2009-06-17Bibliographically approved

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