Practices and Problems of Human Resource Training and Development in South Ethiopia Private Banks: In Case of Wolaita Sodo

One of management’s prime responsibilities is to develop organizations to meet the challenge of the future. The research undertaken sheds some light on employee training and development practices in the current Ethiopian and private banks. Thus, this study tries to assess the practice and problem of human resource training and development in private banks in the case of Wolaita city. The descriptive research design applied for the study. The study was also used both quantitative and qualitative research methods. The target population of the study was the staff of the Wolaita Sodo private banks whose educational preparations are diploma and above. For this study purposeful sampling is has employed to select the sample participants. Both primary and secondary data were instrumental as a source. The t-test was used to see the difference between the mean scores of the respondents. From the data obtained, it is concluded that the banks has well designed training and development program even though some easily adjusted weaknesses were observed. It is recommended that, investigation about the cause of employee turnover further and mitigates it as soon as possible in order not to lose its skilled and well educated professionals. The bank has to give serious attention and work hard to revise its incentive systems; and should strengthen its internal financial sources and compensate employees to minimize this problem. Keywords: Training, Development, Human Resource, Human Resource Management, Private Bank