Assessment of factors affecting employees’ performance in wegagen bank, Ethiopia.

Abstract

A lot of companies currently try to take a general look at accepting the initiative of learning and improving at both employee and organizational levels as a major source of competitive advantage .In this regard employees are critically important as a great resources to confirm the companies’ competitiveness. The purpose of this quantitative study was to assess the effect of factors affecting on employees’ performance in Wegagen Bank. The research approach applied was quantitative type of research where both descriptive and explanatory analyses have been deployed. The target population of this study was employees of Wegagen Bank working in the country dispersed branches. From 3,600 total populations of Wegagen Bank, 360 employees were selected as the sample size of the study. Random sampling technique was used to select the branches and individual respondents. The standardized questionnaires concerning factors affecting employees’ performance, such as, compensation, leadership, training & development, and job satisfaction were adapted for this research. Correlation and multiple linear regressions were used to analyze the relationship and its effect between factors and employees' performance. The regression results showed that the factors significant contribution for organization and employees’ performance. Moreover, all factors dimensions have significant and positive effect on employees’ performance. The result conformed that, if employees are satisfied in their jobs and their demands were maintained, the competitiveness and productivity of the bank directly and positively related to employees’ performance. Finally, the researcher made conclusion and recommendation that the mentioned independent variables (compensation, leadership, training& development and job satisfaction have direct/positive effects towards employee performance at WB.