ASSESSMENT ON HUMAN RESOURCE MANAGEMENT PRACTICES: THE CASE OF SELECTED PRIVATE SECURITY COMPANIES IN ADDIS ABABA

Abstract

Employees are major assets of any organization and the active role they play towards a company’s success cannot be underestimated. To survive and grow organizations must be constantly kept up to date through effective human resource management practices. Employee Recruitment& Selection, training, Compensation &Benefit and Performance Appraisals are elements of human resource management which are more important for those companies supplying human resource for clients such as Private Security Companies. Private Security Companies are organized to give security guarding services for Financial industries, Manufacturing Companies, Embassy’s, Hotels , Apartments, residents are major clients for Private Security industries. The purpose of this study was to assess the practice of Human Resource Management on three selected Private Security companies (Commercial Nominee, Agar Protection and Selam Security) located Addis Ababa. In order to conduct the research, descriptive research design with Quantitative approach was employed .The methodologies used to undertake the study were primary data collection. Besides to this, the numbers of participants for this study were 378 employees. Collected data was analyzed through SPSS version 20. The major objective of this study is to assess the practice of Human Resource Management in Private Security companies with the scope of Recruitment & Selection, Training, Compensation & benefit and Performance Appraisal practices. The finding of the study revealed that PSCs’ have strength on Recruitment& Selection HRM practices, however, on the other hand the study result illustrate that there is lack of consistency which are rated by majority of the respondents as average on the HRM practices related with Training, Compensation &Benefit and Performance Appraisal systems. Thus, the PSCs’ should keep up with the strengths and should alleviate the area that the industry rated as average by respondents such so that to enhance the bottom-line as well as to meet clients satisfaction.