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How to improve the retention rate of competent employees in the research and engineering institute: a case of Vung Tau city, Vietnam | |
Author | Nguyen Tan Hai |
Note | A project study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration (Executive) in International Business – Management of Technology (VN), School of Management |
Publisher | Asian Institute of Technology |
Abstract | In 2009 some of my friends left the institute, where we had been working together for more than teen years. Lacking of competent employees the institute have to face many problems. From myself I would like to know core reason of their leave, and furthermore, how to retain talent. This is such broad scope so my study just concentrates on impact of human resource policies to competent employees’ satisfaction and commitment. Three human resource policies involved the study are salary policy, welfare policy and training policy. Based on feedback from competent engineers and result of individual interview, the study compiles quantitative analysis method with some qualitative methods of interview. From the study, I find out that there are some gaps between existing human resource policies in the institute and those in other oil and gas companies. Distribution of salary is ineffective, and so, it doesn’t encourage competent employees. Welfare policy has problem in providing accommodation allowance for engineers. The training course is not specified to meet demand of employees. The reform of human resource policies is proposed to take place. The variable salary is proposed to base on effectiveness of employees’ work. The welfare should pay more attention on accommodation for competent employees. The training should be more diverse and satisfy employees’ demand. |
Year | 2012 |
Type | Project |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Chairperson(s) | Sununta Siengthai |
Examination Committee(s) | Khang, Do Ba;Ferguson, David |
Scholarship Donor(s) | Vietsovpetro Joint Venture |