Abstract
A study about the factors affecting the retention of managerial and specialist staff was conducted amongst the 120 highest paid employees of two banks. The response rate was 86%. The study investigated the Veldsman Employee Commitment model. The study also explored whether retention factor differences exist amongst biographical groupings. Various differences were identified between previously disadvantaged individuals (PDIs) and non-PDIs, male and female, service tenure groups and age groups.
Highlights
Research methodology The research methodology followed in this study will be discussed under the following four headings: Research participants The 60 highest remunerated staff in each of two South African commercial banks were selected to participate in the study
The obtained reliability coefficients can be questioned based on the small sample size
Owing to the small sample size the items were parcelled in theoretical dimensions in the first level factor analysis and by intercorrelating sub-scores from these parcels on the second level factor analysis reliabilities were derived
Summary
Management’s efforts and success in the planning work, inter-departmental planning and job clarity as a result of planning. A4: Coordination & An organised and coordinated work environment. A5: Decision Making Decision making involvement and awareness of the rationale of decisions in their companies. A6: Organisational Work gets done in organised and structured way. Jobs clarity are clearly defined and logically structured
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