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BOT hires Deloitte to evaluate jobs

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by BAK, Oct 26, 2008.

  1. BAK

    BAK JF-Expert Member

    Oct 26, 2008
    Joined: Feb 11, 2007
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    BOT hires Deloitte to evaluate jobs


    Posted Sunday, October 26 2008 at 10:40

    The Tanzanian government has for the second time engaged the auditing firm Deloitte Consulting Ltd to evaluate employment and review the organisation structure of the country’s central bank.

    The audit firm that discovered the improprieties at the Bank of Tanzania has now been given the mandate to conduct job audits and complete its work in January next year.

    The firm, which started the work on October 13 this year, will have to address related weaknesses and problems by re-examining the bank’s structure, evaluating its jobs and reviewing related human resources policies.

    Juma Reli, Deputy Governor of the Bank of Tanzania (BoT), told The EastAfrican that in the recent past, the bank faced diverse challenges in accomplishing some of its key objectives due to external and internal influences on its business, which impacted on its structure and jobs.

    Mr Reli said that the key influencing factors that had impacted on the bank’s operations included new assignments as directed by the government and stakeholders and changes in laws and regulations.

    According to Mr Reli, other areas which would be reviewed include technological advancement and automation of workplaces as well as the increasing rate of staff turn over.

    “It is in this context that the bank decided to contract Deloitte Consulting Ltd to perform the task as agreed during the preparation of the bank’s Corporate Plan 2008/09-2012/13,” he said.

    This is the second time Deloitte Consulting Ltd is auditing the central bank. The first time was when it raised queries regarding dubious payments made to phantom companies under the External Payment Arrears (EPA) account.

    The audit and its recommendation are expected to improve the alignment of the bank’s strategies with its mandate and to provide for external equity and fairness between jobs and pay for smooth execution of duties and responsibilities and job satisfaction, hence improving performance.

    The objectives of the review include reviewing the structure of the bank in line with its principal functions and corporate goals.

    Deloitte is further expected to conduct job evaluation in order to determine the relative worth of jobs within the bank and establish salary and benefit packages that will re-position the organisation in the current competitive labour market.

    Every position will be scrutinised to allow salary determination from the lowest to the highest grade.

    Deloitte will in addition evaluate the bank’s organisational structure, how it dispenses responsibilities through its directorates, departments and sections, and the inter-relationship between them.
  2. C

    Chupaku JF-Expert Member

    Oct 26, 2008
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    How are they going to review the rate of staff turn over? I think Reli is misquoted here.... and the answer is obvious - its no longer interesting and prestigious as it used to be
  3. C

    Chupaku JF-Expert Member

    Oct 26, 2008
    Joined: Oct 15, 2008
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    I mean "you cant review rate of staff turnover".
    anyway may be based from the report watafanya mabadiliko tukaombe kazi huko tuzuie ufisadi mkubwa mkubwa na mdogo mdogo....