Problems of Pension System in UAE (Part 7)

3.2. Qualitative Methods

Research can also be done through the means of qualitative methods. These methods include interviews, reviewing articles and doing other such activities. Such activities provide high quality information from relevant sources that are directly affected by the lack of pension system in the country (Cassel & Symon, 2004). Qualitative methods provide a lot of different perspectives of people about a topic and such methods are used to find the aspirations of people as used by the YouGov and Bayt.com survey (Bayt & YouGov, 2013). Such surveys are quite important as they provide the real data that is present in the field of operations.

 

3.3. Research Suggestions

There are many improvements that can be made in various fields that will improve the association of employees with their organizations. This will positively impact employee retention and will also ensure that employees are happy with their current position and they believe that their situation will gradually improve due to a working system that is in place to take care of all their needs which includes old age benefits. These benefits are extremely necessary in order to create goodwill among employees and make sure that motivated employees are separated from greedy employees who are only working with inspiration from monetary benefits of an organization. A secure future gives a lot of confidence to employees and they are then willing to work at lower salaries if their future career growth is guaranteed (Terry & White, 1997: 160-175). This means that the company should place an independent retirement scheme at the organization which must be voluntary so the employees do not feel that they are enforced into a deal with the organization. Employees themselves will work better in such an environment and most of them will opt for the retirement schemes. Such schemes however can only work at the level of an organization as currently no federal support is available for transfer of employee from one organization to another so a private scheme will provide extra motivation to the employees of BTN Company and will also not increase costs incurred by the company a great deal as the company will save its costs in terms of training and development of employees because retention rate will directly increase due to setting up of such a scheme (Guillon & Cezanne, 2014: 839-850).

There are also multiple steps that the human resource depart can do to improve employee retention. Career development paths and strategies must be developed at the organization and each employee must be clearly communicated his or her chances of moving ahead in the company in terms of goals and achievements. Such goals will clearly encourage employees to work better and increase the productivity of the organization. In UAE, most employees want a clear career path so that they can know about their future growth as well as the monetary benefits that they can achieve in a certain number of years (Emirates News, 2014). BTN Company will be improving the perception of employees a great deal through the methods that are described above for employee motivation and retention. Such steps will conserve the growth of the company and will allow it to expand as employees will leave less while more will join and the company will be able to undertake more projects on a continuous basis.

 References

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