Browsing by Author "Goshu Andarge"

Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    Assessment of Performance Evaluation System and Practices: The Case of Bank of Abyssinia
    (Addis Ababa University, 2018-06) Goshu Andarge; Gemechu Ararssa
    Right from its establishment, Bank of Abyssinia has been implementing employees’ performance evaluation system whereby manager or immediate supervisors are involved in the evaluation process. The mainobjective of this study is to evaluate the performance system and practices in Bank of Abyssinia Share Company. In order to achieve the objective ,the specific objective of this study is to assess how performance evaluation process is systematic, to assess fairness and objectivity, to assess performance feedback and coaching system, to identify the challenges of performance evaluation and to what extent measures taken by the management to improve erformance evaluation system. The researcher has used a combination of mixed approach which are both qualitative and quantitative and descriptive research method was used. The data collection tools were interview and questionnaire. Total of 294 employees have been taken as a sample and the response rate was 90%. The researcher has used purposive and isproportionate stratified sampling method. Questionnaires were distributed among clerical and management employees. The study found out that Bank of Abyssinia uses to measure employees’ job performance on December and June. The bank does not follow systematic evaluation process, lack of fairness and objectivity, lack of formal performance feedback and coaching, lack of selfevaluation and the performance standards of the bank. Bank of Abyssinia also faces so many challenges on its performance evaluation practice, most of them are rater’s error like recency, halo/horns, lack of capacity of raters to take,etc and the remaining is the problem of the system. The HR department of the bank takes the ultimate responsibility for evaluation and supervisors take the lion share by filling evaluation forms for most of the employees. The evaluation result from this research study in Bank of Abyssinia used only for making promotion, bonus payment, transfer, and annual increment decisio s. Formal Performance feedback and coaching does not take place in the case company unless an employee comes up with grievances. Generally the outcome of the research confirmed that the performance evaluation practice of Bank of Abyssinia S.C. has problems and weaknesses that need to be improved. Sincesome recommendations are drawn from the findings are, the bank has to establish strong and systematic written policy, guidelines used in performance evaluation process and system, fair approval practices should be adopted by the management in order to raise performance of its employees.
  • No Thumbnail Available
    Item
    Investigation of Potential Benefits and Challenges of Foreign Banks Entering the Ethiopian Banking Sector
    (A.A.U, 2023-05-04) Goshu Andarge; Amare Abawa
    In principle, foreign bank entry might meaningfully reduce the cost of credit by getting capital, technical skills, and product development to host country, which increases competition and leads to enhancements in the competence of the banking area, the main objective of this study is to examine how the local banking sector can be affected by the introduction of foreign banks. To achieve this, both qualitative and quantitative research approach were employed, and descriptive research design was engaged to describe the benefits and challenges related with foreign bank entry into the Ethiopian commercial banking business, the researcher used a combination of stratified and purposive sampling techniques to choose the samples for the study. The research conducted using statistical analysis such as average mean, standard deviation, frequency, and percentage on 162 survey questionnaires with the aid of SPSS statistics 23, it was found that the banking sector in Ethiopia is expressively affected by the permission of foreign banks. The local commercial banks in Ethiopia might face both good and undesirable concerns due to the entry of foreign bank. According to key findings, local banks would advantage in numerous ways if foreign banks were allowed to work in the Ethiopia. This contains improvements in many sides, such as possible benefits, efficiency, monetary and societal indicators, and possible costs. Therefore, it is recommended that entry of foreign banks in the nation could be useful for both the local banks and the country as a whole.