EVALUATION OF FACTORS OF RISKS OF INVESTMENT IN THE DEVELOPMENT OF PERSONNEL IN IT SECTOR

In this paper, we examine key factors that influence the risks of investment in the development of human capital of a firm in the Ukrainian IT sector and estimate their weight in the overall risk. Particularly, we single out the risk of premature voluntary termination of an employee, risk of ineffective training, and the risk of firm's incorrect employee development strategy. Risk of non-investment was also characterized and analyzed. Moreover, to support management of the mentioned kinds of risks, we enumerate the factors that influence them and classify those factors into three main groups: related to the employee, related to the firm, and related to the external environment. Based on this division, we build a model for estimation of the risks of investment in the development of personnel using the Analytic Hierarchy Process (AHP). Using data from Ukrainian IT firms we calculated the weights of each factor for very big, big, medium and small firms. This gives a base for further research in this field and allows for a creation of a practical framework for making decisions regarding the personnel development strategy and specific employees' development plans for the HR departments