retention management Essays

3512 Words Nov 6th, 2013 15 Pages
GRADUATE PROJECT –BMGT695
RETENTION MANAGEMENT AND EMPLOYEES TURNOVER IN THE BANKING SECTOR

Submitted to the Lebanese International University

The School of Business
In Fulfillment of the
Requirements for the Degree of

Master in Business Administration

By
Nathalie Ishak Ishak
50830033

Tripoli, Lebanon
Supervised by Khalil Ghazzaoui Ph.D.

Fall 2013-2014

DEDICATIONS

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ACKNOWLEDGEMENTS

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ABSTRACT

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TABLE OF CONTENTS

PART I: THE THEORETICAL FRAMEWORK 1
CHAPTER 1: INTRODUCING THE GRADUATE PROJECT 1
1. INTRODUCTION 1
2. OVERVIEW OF THE SECTOR/DOMAIN/ORGANIZATIONS 1

CHAPTER 2: LITERATURE REVIEW
1. MAIN TOPIC 1
2. SUBTOPIC 1 1
3. SUBTOPIC 2 1
PART II:
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It’s literally a case of them not missing what they don’t have. They also build up significant expertise at replacing staff, even if not so hot at keeping them.
A final theory is that turnover can be beneficial to an organization because it weeds out the poor performers whilst also bringing in fresh ideas and perspectives from outside. This theory relies on turnover being relatively low, as once it reaches two high a point the costs exceed the benefits.

2. ECONOMY OF LEBANON
After the end of the civil war, Lebanon enjoyed considerable stability, Beirut's reconstruction was almost complete, and increasing numbers of tourists poured into the nation's resorts. The economy witnessed growth, with bank assets reaching over 75 billion US dollars, Market capitalization was also at an all time high, estimated at $10.9 billion at the end of the second quarter of 2006. The month-long 2006 war severely damaged Lebanon's economy, especially the tourism sector. Over the course of 2008 Lebanon rebuilt its infrastructure mainly in the real estate and tourism sectors, resulting in a comparatively robust post war economy. Major contributors to the reconstruction of Lebanon include Saudi Arabia (with US$ 1.5 billion pledged), the European Union (with about $1 billion) and a few other Persian Gulf countries with contributions of up to $800 million.

Given the frequent security turmoil it has faced, the Lebanese banking

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