Abstract

Purpose- This study investigates the relationship between employee training and succession planning in deposit money banks in Abia State using cross-sectional survey. Ten deposit money banks were surveyed using simple random sampling technique. 
 Design/Methodology- A total population of one hundred and twenty staff was investigated with a sample size of ninety two. Validity of instrument was determined using face validity while Cronbach Alpha was used to ascertain the reliability of the instrument. Spearman’s Rank Order Correlation Coefficient (rho) was used to analyze the hypotheses with the aid of statistical package for social sciences (20.0). 
 Findings- The study found that employee training has a positive significant relationship with succession planning. It concluded that employee training measured in terms of on-the-job training and mentoring promotes succession planning in deposit money banks. 
 Practical Implications- The study recommends that managers, human resource professionals as well as directors of financial institutions should employ on-the-job training and mentoring for effective succession planning in the workplace.

Highlights

  • Most organizations that are making waves today are as a result of the foundation that its founding fathers laid through succession planning process and leadership

  • Mentoring and on-the-job training were measured with three items each; while succession planning was measured with three items; all on a five point Likert scale ranging from 5= Strongly agree; 4 = Agree; 3= Disagree; 2 = Strongly disagree 1= Neither agree nor disagree

  • Based on the result above the study found that employee training has a positive significant relationship with succession planning of deposit money banks in Nigeria

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Summary

Introduction

Most organizations that are making waves today are as a result of the foundation that its founding fathers laid through succession planning process and leadership. This is not exception for deposit money banks operating in Nigeria. Instead of employing the services of training consultants; they prefer training their employees themselves using on-the-job training and mentoring. The employment of these methods has yielded huge positive results in terms of profitability, performance, commitment, efficiency as well as effectiveness

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