Sample Essay on:
HUMAN RESOURCES MANAGEMENT, MULTINATIONAL BANKS IN TANZANIA

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Essay / Research Paper Abstract

This 4-page paper examines the concept of human resources management in the Tanzanian banking industry. Bibliography lists 5 sources.

Page Count:

5 pages (~225 words per page)

File: AS43_MTmulttanz.rtf

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Unformatted sample text from the term paper:

offering direction for people who are employed by the organization (Heathfield, 2009). The issues concerning HRM include compensation, hiring, organizational development, performance management, benefits, employee motivation, communication and training (Heathfield, 2009). This is a great strategy that has worked well - at least in Western countries. However, in emerging and developing economies, any kind of human resources development, or human resources management is all but non-existent. In this paper, weve been asked to examine human resources management as it pertains to multinational banks in Tanzania. The literature is very scarce on this particular topic, so weve opted to do a general overview of HRM in Tanzania, then a focus on the banking industry. With this in mind, we can extrapolate and introduce some possible alternatives for dealing with this issue. The main problem with any type of HRM or HRD (human resources development) in Tanzania industry is that it doesnt exist. For one thing, there is a definite lack of any kind of industry-wide program for human resources professionals in this country - basically, any programs that do exist tend to lack any kind of overall strategy, coordination - and most importantly, lack of funding (Debrah and Ofori, 2006). There also tends to be the problem of potential problems such as bureaucratic bottlenecks (Debrah and Ofori, 2006). Adding to the particular issue is the patchwork quilt of the banking industry in this nation. Tanzania has been very open to foreign banking, which means a number of international banks have taken root in this country, all with various corporate cultures and methods of doing things. In Tanzania, as well, the foreign banks are more efficient ...

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