People as a source of competitive advantage during recruitment and retention of senior managers in financial services sectors in Laos 

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Authors

Du Plessis, Andries
Sumphonphakdy, Suksamon

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Grantor

Date

2016-06

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Type

Journal Article

Ngā Upoko Tukutuku (Māori subject headings)

Keyword

Lao PDR
banks
financial sector
senior management
recruitment
retention
human resources management (HRM)

ANZSRC Field of Research Code (2020)

150305 Human Resources Management
150203 Financial Institutions (incl. Banking)

Citation

Du Plessis, A.J., & Sumphonphakdy, S. (2016). People as a Source of Competitive Advantage During Recruitment and Retention of Senior Managers in Financial Services Sectors in Laos. International Journal of Innovation and Economic Development, Volume 2, Issue 2, June, pp.7 – 14. doi:DOI: 10.18775/ijied.1849-7551-7020.2015.22.2001

Abstract

The focus of the paper is to identify the importance of recruiting and retaining senior management in the banking industry in Laos. Both quantitative and qualitative research methods were adopted to collect data from three banks in Laos. Interview section: the questions were to explore the understanding of concepts of HRM, perspectives towards HRM about recruitment and retention. Questionnaire section: part one – demographics data, part two attitudes towards HRM processes recruitment and retention. Findings: HRM plays a critically important role in banks in keeping their competitive advantage; lack of development and implementation of HRM practices and policies to recruit and retain the right people.

Publisher

Inovatus Usluge Ltd.

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https://hdl.handle.net/10652/3566

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DOI

DOI: 10.18775/ijied.1849-7551-7020.2015.22.2001

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This work is licensed under a Creative Commons Attribution 4.0 International License.
Attribution-NonCommercial-NoDerivs 3.0 New Zealand

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http://creativecommons.org/licenses/by-nc-nd/3.0/nz/

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