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    Competitive advantage : recruitment and retention of senior managers in financial sectors in Laos

    Du Plessis, Andries; Sumphonphakdy, Suksamon; Oldfield, James; Botha, Christoff J.

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    Date
    2013
    Citation:
    Du Plessis, A., Sumphonphakdy, S., Oldfield, J., and Botha, C. (2013). Competitive advantage: recruitment and retention of senior managers in financial sectors in Laos. Journal of Community Positive Practices. 13(2) : 41-52
    Permanent link to Research Bank record:
    https://hdl.handle.net/10652/2352
    Abstract
    The focus of this research is to identify the importance of recruiting and retaining senior management resources in the banking industry in Laos. This paper reports on some of the findings. Both quantitative and qualitative research methods were adopted to collect data from three banks in Laos. Interview section: the questions were designed to explore participants understanding of basic concepts of HRM and their perspectives towards HRM in their organisations about recruitment and retention. Questionnaire section: part one involves demographics data, while part two of the survey questions are focused on participants attitudes towards HRM processes such as recruitment in their organisations. The findings of the study demonstrate that HRM plays a critically important role in their banks in terms of keeping their competitive advantage. There is a lack of development and implementation of HRM practices and policies to recruit and retain the right people.
    Keywords:
    employees, competitive advantage, human resources management (HRM), recruitment, retention
    ANZSRC Field of Research:
    150305 Human Resources Management
    Copyright Holder:
    Journal of Community Positive Practices
    Rights:
    This digital work is protected by copyright. It may be consulted by you, provided you comply with the provisions of the Act and the following conditions of use: Any use you make of these documents or images must be for research or private study purposes only, and you may not make them available to any other person. You will recognise the author's and publishers rights and give due acknowledgement where appropriate.
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    • Management and Marketing Journal Articles [58]

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