Economic and social consequences of temporary employment in financial institutions in Uganda (a case study of Bank of Africa (BOA))
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Date
2007-10
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Kampala International University, College of Economics and Management
Abstract
A research project report submitted to school of Business and Management, Kampala International University as a partial fulfillment of the requirements of the award of a Bachelor of International Business Administrator Degree October, 2007 The main purpose of this study was to investigate the economic and social consequences of temporary employment in financial institutions in Uganda. The study specifically focused on the Bank of Africa Ltd. Also, the study sought to explore the legal requirements as well as challenges it poses to the Human Resources function. Across-sectional survey design was adopted as the overall strategy for data collection and analysis in order to answer to research questions in the study. The target population was the temporary employees of the organization, including other technical and management staff. A sample size of 25% of the target population was selected using stratified random sampling technique. The data was then analyzed using descriptive statistical methods.
The study found that the temporary employees perceive economic factors as generally low, current earnings is comparatively best rated while employment status has positive economic consequences to their overall lifestyle is worst rates. Also, the study established that the staff is both negatively affected in different aspects. The best-rated aspects of social factors were: that the family life is generally not satisfactory because of their current temporary employment status. Also, they feel satisfied with the status of their work environment as a temporary staff. The study recommends that the top management of BOA should ensure that front-line supervisors and managers understand the reasons for, and value of any new temporary employment programs they intend to put in place. This involves including temporary employees in the design, where possible, and providing detailed information about the implications for them.
Description
A Research Project Report Submitted to School of Business and Management, Kampala International University as a partial fulfillment of the requirements of the award of a Bachelor of International Business Administrator Degree
Keywords
Economic, social consequences, Temporary employment, Bank of Africa, Uganda