Assessment of adopting PMS Practice In the Case of Commercial Bank of Ethiopia: Particularly Nifas Silk District
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Date
2023-06
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Addis Ababa University
Abstract
The general objective of the study was to provide a comprehensive understanding the adopting of PMS Practice in the case of Commercial bank of Ethiopia: particularly Nifas silk district. The study was guided by the following research objectives: To identify the adopting PMS practice in CBE at Nifas silk district, to explore potential solutions to overcome the challenges that faced CBE while adopting PMS, to provide some scientific indication for financial institutions in Ethiopia to successfully adopt and implement a PMS, o determines the impact of the challenges on the successful implementation of a PMS in commercial banks of Ethiopia at Nifas Silk district. Researchers have used the quantitative research methodology. Descriptive approach was used and, a sampling technique was employed to pick co-workers, and a stratified random sampling strategy was used to select questionnaire respondents. Both primary and secondary data were used. The initial data was gathered through 134 participants were surveyed, and information was also obtained from manager interviews, in order to gather data for the study. The analysis was completed, and the presentations are in terms of occurrence, average, tables, and percentage, The Research findings showed that the majority of the practices used in the stages of performance management had poor mean values. The bank's employees agreed that performance management requirements should be properly communicated, with a high mean value (4.3) and a moderate mean value (3.58) for performance planning. On the other hand, low mean values were seen in other values of the remaining phases (3.06 - 2.67). Employee replies indicate that a variety of difficulties were experienced when implementing the PMS. In conclusion, the adoption of performance management systems (PMS) is a critical challenge facing the Commercial Bank of Ethiopia, particularly the Nifas Silk District. The implementation of PMS has the potential to improve organizational performance, enhance employee engagement and motivation, and provide valuable insights for decision-making
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Keywords
Commercial Bank of Ethiopia, Performance Management system