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Succession Planning Practices for Employee Retention: A Case Study of Private Banks in Ethiopia

Indian Journal of Industrial Relations

Volume 59 Issue 2

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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