Conceptual Framework
A framework is
quite necessary for the development of a research proposal and it also
identifies the right methods that are required for completing a proper
research. Federal pension system is a necessary benefit which must be present
in the country as it is present in other countries around the world. A
framework can be designed to formulate a research and select the best
parameters for solving key issues (Leedy & Ormrod, 2005). The research uses
common methods such as surveys and newspaper reports to evaluate the situation
of pension and expatriates in the country. The basic theory of the problem here
is that pension systems are available everywhere around the world. UAE is a
prospering country but it does not have a proper pension system. This has
adverse effects on the retention and motivation of employees in the field. The
example is of BTN Company which has lost more employees than those that have
joined up.
2.4. Working Theory
Pension refers to
a monetary fund that is given to a person after completing a term of service at
an organization. It is one of the main monetary methods available in old age to
people who retire after offering their services to their employers. Pension is
slightly different from job benefit or severance pay because it is usually
given on a continuous basis periodically while other methods provide one time
money. Governments around the world ensure that there are labour laws in place
which govern different aspects of pension as how the money is generated and
then distributed to old and retired employees. There are many pension schemes
available around the world and it is therefore hard to understand that the
concept of a regular governmental pension scheme is not present in United Arab
Emirates. The absence of a regular pension program has caused many issues in
the country and it is generally attributed to cause the loss of foreign
workforce in a longer time period.
BTN Company can be
presented as a typical example of a company which suffers from the lack of a
pension program. The company suffers to maintain its size and finds it very
hard to grow due to the lack of employee motivation as well as expat retention.
The study stresses and finds the fact that a government based federal pension
scheme is necessary for retaining expatriate employees in UAE and it is almost
the major reason why people switch jobs over a shorter period of time in UAE.
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