Abstract:
The purpose of this study is to examine how the support of Banko Sentral
ng Pilipinas translates to the career development of its employees wherein
career development, in this study, refers to the actual career movement. Data on
the career development support of BSP was gathered through review of
documentary sources and interview with two HRD practitioners. Their perception
on the career development in BSP, various career development initiatives and
roles of HRD practitioners and managers to the career development of its
employees were investigated. BSP support comprises creation of specialized
groups that addresses the development needs of its employees and the
recognition of the important roles of the HRD practitioners and managers as
career development agents and counselors. Survey questionnaires, one for
managers and another for employees, were also administered. Convenience
sampling was used and the sample consisted of 81 respondents, 70 employees
and 11 managers, from different departments of the Monetary Stability Sector of
BSP. The study proves that the support of BSP, along with its HRD practitioners
and managers, translate to the career development of the respondents. Findings
show that the respondents have positive perception towards their careers and
the various development initiatives employed by the bank, and they are aware
and responsive of such. Career information via intranet and in-house
trainings/seminars prove to be most useful in their career development. As for
their career development, good majority of the respondents experience career
development wherein on the average they experience a number of 2.18 career
developments and majority of these are vertical which is through promotions.
More than half the respondents believes that the rate is neither fast nor slow, it is
just right. But a ratio also thinks it is fast, both in congruence with the perception
of the two HRD practitioners. Objective assessment for promotion and improved
communication and implementation of the various career development initiatives
were suggested by the respondents.
