Brm Final

Topics: Human resource management, Bank, Performance appraisal Pages: 7 (3381 words) Published: October 28, 2014

IMPACT OF HUMAN RESOURCE PRACTICES ONORGANIZATIONAL PERFORMANCE: A STUDY OF BANKING SECTOR OF GUJRANWALA
AMER ISHAQ BHUTTA
B.sc (Hons), Business Administration
Gift University Gujranwala
SEERAT FATIMAH
B.sc (Hons), Business Administration
Gift University Gujranwala

Keywords: Organizational Performance, Employee Satisfaction, Recruitment &Selection, Training & Development, Performance Appraisal and Compensation Abstract:
The purpose of this study is to evaluate HRM practices and their impact on organizational performance in banking sector. People believe that HR is not important it’s just a sunk cost and have no significant positive effect on org. performance. The aim of this study was to check the impact between Human resource management and organizational performance. The research was conducted in banking sector of Gujranwala .We have evaluated the impact of functions of HR like Selection, Training, Appraisal and Compensation (as Independent Variables) on Organizational Performance (Dependent Variables). We have done research with the help of questionnaires. The conclusion and results are presented at the end of this paper. The analysis showed the positive relation between the dependent and independent variables. Introduction:

Our financial sector evolved very differently from banks in the developed world. For nearly a year after partition, Pakistan had no central bank. Habib Bank – established in 1941 – filled this gap initially, until the State Bank of Pakistan (SBP) was set up in 1948 under quasi-government ownership. Commercial banking grew favorably in Pakistan until 1974. Under the nationalization policy implemented by Zulfikar Ali Bhutto’s government, thirteen banks were brought under full government control, and consolidated into six nationalized banks. By 1991, the Bank Nationalization Act was amended, and 23 banks were established – of which ten were domestically licensed. After privatization, transformational reforms were pushed through. The central bank’s regulatory powers were restored via amendments to the Banking Companies Ordinance (1962) and the State Bank of Pakistan Act (1956)..Subsequently, corporate governance, internal controls and bank supervision was strengthened substantially. Legal impediments and delays in recovery of bad loans were streamlined in 2001. World over in depth studies have been under taken in recent years to find out direct impact of Human Resource Management practices on Organizational performance.. Researches have shown that there is positive impact of HRM practices on organizational performance. The HR department has become important part in multinational industry. In developing countries like Pakistan is no concept of HR practices. Likewise in Gujranwala all functions of HRM are practice by owner himself, perhaps HRM practice is consider as sunk cost. Due to globalization, Industry trends have also changed in Pakistan. (http://tribune.com.pk/story/286458/history-of-banking-in-pakistan--of-humble-origins-and-vast-potential/). In Large organizations especially in services sector HR practices play a vital role effecting organizational performance. In local perspective research is required to confirm relationship between organizational performance and HR practices. The purpose of this study is to investigate recent trends in employee management in banking sector and to confirm positive relationship between HR practices and organizational performance. The aim of this is to identify the factors and their importance that lead towards the job satisfaction in banking sector. This study wills managers in improving organizational performance. Research question:

Is there a significant effect between high values HRM practices like Recruitment and Selection, Training and development, performance appraisal, compensation and Organizational Performance? Problem statement:

Is Organizational performance being affected due to lack of HRM practices in banking sector of...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Art Final Reflection Essay
  • Essay on Instructional Guide for the Final Project
  • The Final Year Project Preparation Essay
  • Advance Final Speech Rubric Essay
  • BUS 600 Week 6 Final Paper
  • INT 610 Final Project Document Essay
  • Exam Topics and Questions (the Final Diagnosis) Essay
  • BUS 680 TRAINING AND DEVELOPMENT Complete Class Includes All DQs Assignments Cases and Final Paper Ashford Latest

Become a StudyMode Member

Sign Up - It's Free