Influence of Replacement Decisions on Performance of Bungoma County, Saccos in Kenya

Abstract

Purpose: To determine the influence of replacement decisions on performance of Bungoma County, Saccos in Kenya. Methodology/Approach: This paper used correlational study design that looked at the replacement decisions and Sacco performance. The study population was 600 Sacco employees comprising of chief finance officers, chief executive officer, administrative staff and accountants. The sample drew up to240. Proportionate sampling was adopted for the study. Data was gathered through primary mode basically questionnaires. This was executed through structured questions for clarity purposes. Data was presented using tables. Data analysis factored both descriptive and inferential statistics. Findings: Results show that 54% of replacement decision influence performance of saccos, this is as shown by R2 of 0.544, Similarly that p=0.000<0.05 further indicated that replacement decision has a significant effect on performance hence rejection of null hypotheses Implications: The following recommendation was made based on the study conclusion: On Replacement decisions SACCOs should avoid outdated technology, design amicable policies and procedures