Chapter One — 1.1 Background to the Study

Succession Planning has increasingly attracted the attention of researchers, regulators, and practitioners concerned with job satisfaction. This growing interest reflects the recognition that succession planning does not operate in isolation, but interacts with a wider set of institutional and market conditions found within Selected Commercial Banks in Nigeria.

Selected Commercial Banks in Nigeria presents a useful setting for examining this relationship precisely because the conditions there — structural, regulatory, and behavioural — differ from those typically assumed in the broader literature, most of which draws on evidence from more developed economies.

1.2 Statement of the Problem

While succession planning is widely discussed in policy and industry circles, empirical evidence on its actual effect on job satisfaction within Selected Commercial Banks in Nigeria remains sparse and, in places, contradictory. This lack of localized, rigorous evidence makes it difficult for decision-makers to know with confidence whether current approaches to succession planning are helping or hindering job satisfaction — a gap this study sets out to close.

1.3 Objectives of the Study

1. To examine the effect of Succession Planning on job satisfaction in Selected Commercial Banks in Nigeria.
2. To assess the extent to which succession planning influences job satisfaction within the study area.
3. To identify the challenges associated with succession planning in relation to job satisfaction.
4. To recommend strategies for optimizing succession planning in order to improve job satisfaction.

1.4 Research Questions

1. What is the effect of succession planning on job satisfaction in Selected Commercial Banks in Nigeria?
2. To what extent does succession planning influence job satisfaction within the study area?
3. What challenges are associated with succession planning in relation to job satisfaction?
4. What strategies can be adopted to optimize succession planning in order to improve job satisfaction?

1.5 Significance of the Study

Beyond its academic contribution to the field of human resource management, this study has practical value for management teams within Selected Commercial Banks in Nigeria seeking to understand how succession planning translates into measurable outcomes around job satisfaction. It is equally useful to students and future researchers looking for a localized empirical reference on this relationship.

1.6 Scope of the Study

The study is limited to an examination of Succession Planning and its relationship with job satisfaction within the context of Selected Commercial Banks in Nigeria. It reflects a clearly defined scope of analysis and relies on data and perspectives available within that scope; generalizing the findings beyond this specific context should therefore be done with appropriate caution.