TOP MANAGER’S INTENTION TO RETAIN OLDER EMPLOYEES IN LIBYA CORPORATES SECTOR

Abstract

The purpose of this study is to gain a better understanding of the Managers’ Intention to Retain Older Employees in Corporate Sectors in Libya. Older Employee retention has always been important issues for people who work in organization. Hence, the survey analyzed the intention of managers to absorb older employees in an establishment through observed behaviors and actions. Thus, the research employed the Model of theory of Planned Behavior (TPB). It concentrated on the undesirable typecast attitude meted out to the older employees in a working environment. Though, contrary to the expectations of human capital theory (HCT), recruitment processes may select candidates with the best social ‘fit’ to an existing workplace rather than candidates with the greatest skills or experience. Therefore, Quantitative method of research was adopted through a well prepared questionnaire that collected data on the related research questions. A total number of 600 questionnaires were distributed while 402 were returned. Thus, the Data collected from the returned 402 questionnaires was then analyzed by Correlation and regression analyses which revealed a number of significant relationships between the two variables. The results indicate that behavioral belief, significantly influenced the Intention of Managers’ to retain older employees (β = .499, p <.05), also, the normative belief significantly influenced the Intention of Managers’ to retain older employees (β = .336, p <.05). On the other hand, Control belief does not significantly influenced the Intention of Managers’ to retain older employees in Libyan corporate sector (β = -.012, p >.05). The findings unequivocally contribute to the knowledge development of Managers’ Intention to Retain Older Employees in Numerous Corporate Sectors.