ASSESSMENT OF EMPLOYEE PROMOTION PRACTICE IN COMMERCIAL BANK OF ETHIOPIA (CBE)

Abstract

This study was designed to assess employee promotion practices in Commercial Bank of Ethiopia in wolkite branch. Those assessed under employee promotion practices are policy and procedures of the bank, bases of promotion, employee perception and major problems of promotion practices. Data were collected through questionnaire. The data was collected by census method. Accordingly, the data gathered was analyzed using descriptive statistics. The finding reveals that internal promotion examination contents are relevant for the employee’s current job position, the bank promotes and fills vacant posts at all levels internally, as long as qualified staff exist and the vacancy circulars are timely distributed as stated in Human Resource Management policy and procedures chance during the promotion and after the exam they did not get the feedback. The bank is mostly used seniority based promotion practices. But the employees are chosen to apply both competency and seniority based promotion practices. The major problems of employee promotion practices are lack of clear and transparency of promotion practices. According to the researcher recommendation as stated in Human Resource Management promotion policy and procedures the Bank must implement the encouragement of employees through competency and fitness to the post in to reality. The bank should be promoting the employees by using both competency and seniority based promotion practice with a support of performance and educational background of employees.