Retention and the psychological contract : the case of financial practitioners within the Limpopo Provincial Treasury

Show simple item record Van Dijk, Hilligje Gerritdina Ramatswi, M.R.
dc.coverage.spatial Africa
dc.coverage.spatial South Africa
dc.coverage.spatial Limpopo 2016-11-18T10:13:05Z 2016-11-18T10:13:05Z 2016 2016
dc.description.abstract The retention of scarce skilled employees is one of the major challenges affecting public service delivery. Retaining scarce skilled employees in organisations is not always strategically prioritised, despite the cost of turnover to the employer. The article is the product of research which describes the nature of the psychological contract and analyses the extent to which the Limpopo Provincial Treasury (LPT) is able to retain financial practitioners (scarce skilled employees) by focusing upon issues such as career development, motivation and attachment. The LPT faces serious staff turnover rates in scarce skilled employees, specifically pertaining to young internal auditors, which has resulted in unmet targets over the past 10 years. In this research, a questionnaire survey was used to collect data. The questionnaire comprised both closed- and open-ended questions designed to determine employee perceptions regarding the retention of scarce skilled employees. The questionnaire was distributed to 60 core employees in the LPT. The target population included internal auditors, risk management practitioners, internal control practitioners, financial management practitioners, information technology specialists, revenue management practitioners, accountants and economists. Quantitative data was analysed using descriptive statistics in the SPSS software packages, while qualitative data was analysed using thematic analysis. The results revealed that the employee morale, the lack of promotion opportunities and inadequate resource allocations were the main causes for retention failure. The research resulted in recommendations put forward for the development of an integrated human resource management policy aligned to retention through an intensive resource allocation strategy. en_ZA
dc.format.extent 17 pages en_ZA
dc.format.medium Journal en_ZA
dc.identifier.citation Ramatswi, M.R. and Van Dijk, H.G. 2016. Retention and the psychological contract: the case of financial practitioners within the Limpopo Provincial Treasury. African Journal of Public Affairs, 9(2): 30-46. en_ZA
dc.identifier.issn 1997-7441
dc.language.iso en en_ZA
dc.publisher African Consortium of Public Administration en_ZA
dc.rights African Consortium of Public Administration © 2016 en_ZA
dc.subject Staff retention en_ZA
dc.subject Scarce skills en_ZA
dc.subject Psychological contract en_ZA
dc.subject Financial practitioners
dc.subject Limpopo Provincial Treasury
dc.subject.lcsh Public administration--Africa
dc.title Retention and the psychological contract : the case of financial practitioners within the Limpopo Provincial Treasury en_ZA
dc.type Article en_ZA

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