Succession Planning Practices for Employee Retention: A Case Study of Private Banks in Ethiopia
Published: 2023
Author(s) Name: Worku Mekonnen Tadesse & Wubshet Diribe |
Author(s) Affiliation: Associate Professor, Addis Ababa University, Ethiopia.
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Abstract
This study assesses private banks’
succe ssi on pl anni ng pract ic es
and their effect on employee retention.
An exploratory research
design was used and data were
collected from a sample of 350
Line Managers selected from private
banks in Addis Ababa. The
st udy uncovered t hat the most
widely followed method of developing
successors was job rotation,
opportunities for education,
training/ management development
programs, career planning,
mentorship and coaching, development
assignment, and senior
management assistance. On the
other hand, employees had a moderate
tendency to work longer in
the banks. The Pearson correlation
and regression coefficients
revealed that succession planning
practices have a significant effect
on employee retention.
Keywords: N.A.
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