EFFECT OF DOWNSIZING ON EMPLOYEES’ PERFORMANCE: CASE STUDY OF SIDIAN BANK LIMITED FORMERLY KREP BANK
AbstractThe study was purposed to examine the effect of downsizing on employees’ performance in the context of banking sector, Kenya. Employees’ performance is used as dependent variable and the attributes of employee such as employees’ morale, employees’ commitment, employees’ turnover and job security are used as dependent variables. The study gave emphasizes majorly relating to the effect of downsizing on employees’ morale; employees’ commitment employees’; employees’ turnover and job security at Sidian bank. The study will act as source of invaluable information to the strategists rethink their focus on understanding the consequences of downsizing and devise strategies that ensure the delivery of the desired out come as well as add to the existing literature on downsizing and employees’ performance in the banking sector. The study employed descriptive research design and the main research instrument was questionnaires. The target population was all employees of Sidian bank. A sample of 56 respondents was selected using non-probability convenience sampling. Data was analyzed through descriptive statistics. The study found out that downsizing affects employees’ performance to a greatest extent and committed employee is loyal and supports the organization in turbulent times. The study concludes that downsizing can increase employee turnover intention and that major change such as downsizing in the organization puts the employee’s job security at a threat; and that employees may consider job security their top priority in time of uncertain economic environment. Moreover, the study recommends that the organization must improve employees’ morale in an effort to enhance employee’s productivity and make them feel secure about retaining their job.
ITUNGA, OLIVE KAWIRA (2017) EFFECT OF DOWNSIZING ON EMPLOYEES’ PERFORMANCE: CASE STUDY OF SIDIAN BANK LIMITED FORMERLY KREP BANK. Other thesis, MUA.