ASSESSMENT OF CHALLENGES IN HUMAN RESOURCE DEVELOPMENT PRACTICES IN PRIVATE BANKS: THE CASE OF BERHAN INTERNATIONAL BANK S.C

Abstract

Nowadays, organizations operate in a complex and changing environment that greatly influences their growth and expansion. To cope up with this changing environment human resource development has become an essential component in the development process. This is due to the fact that any development process is driven by the human factor. For this reasons the main objective of this study was to assess human resources development practices and challenges prevailing in private banks: the case of Berhan international bank S.c. In order to achieve this objective the researcher used both primary and secondary data sources. These collected data were analyzed and interpreted using descriptive statistical tools and qualitative technique. With research it is argued about the current human resource development practicesalso about the challenges encountering the practice of human resource development in the Bank. From the data analysis the finding of the study explain that the organization has human resource development programs. However, they lack effectiveness in assessing training needs, setting performance objective, in searching aids for internal and external training and development, planning training strategies and preparing training schedules and modules as well as assessing training and development efforts. Especially, post training evaluation was not well conducted to get feedback for their improvement. The findings also indicate that in the bank personal analysis was not conducted effectively as a crucial HRD need analysis approach. Finally, this paper recommend that the Bank to minimize problems in the practice of HRD first and foremost, HR should get due attention since it is an engine for other resources, focus on career development and post training evaluation should be exercised in order to increase the effectiveness of human resource development and providing the necessary technical and interpersonal support to make HRD process more sustainable.