Assessment of Succession Planning Practices: In the Case of Oromia Bank S.C
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Date
2022-06
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Addis Ababa University
Abstract
The study seeks to assess succession planning practice in the case of Oromia Bank S.C among branches found in Addis Ababa City. The study aimed to meet four main objectives. Firstly, it assessed SP practice in the Bank. Secondly, it examined factors hindering effective execution of SP practice. Thirdly, it determines the determinant factors for effectively executing SP practice. Finally, the sought for enabling strategies for effectively executing SP practice in the Bank. By considering the research objectives and questions into account, both quantitative and qualitative approach along with descriptive research design. Stratified and purposive sampling technique has been utilized where data was collected from 195 respondents of managerial and clerical job categories which accounts for a response rate of 85%. Qualitative data were analyzed using descriptive statistics like percentages, mean and SD; while qualitative data were analyzed qualitatively in the form of summary. The findings of the study shows that the majority of employees of the bank knows the bank’s SP practice and how it works. Above all, insufficient talent pipeline, inability to motivate and retain key employees, ineffective business practice, unfocused roles and responsibilities, limited information about employees, lack of effective company vision and failure to address future needs and inactive periodical actions are the factors hindering the bank’s SP practice as per the findings of the study. Besides, the findings of the study reveals that the bank is not properly practicing the determinants factors of effectively executing SP practice. Furthermore, enabling strategies for effectively executing SP practice has not been properly implemented in the bank as per the findings of the study.
Keywords: Succession planning, succession planning challenges, determinants of succession planning, strategies of succession planning, Oromia Bank S.C
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