Human Resource Management Practices and Employees’ Satisfaction Towards Private Banking Sector in Bangladesh
Dramatic advances of Information and Communication Technology (ICT), changing mix and personal values of the workforce, emergence of the knowledge economy and increasing global competition have created enormous challenges on organizations. To cope with the challenges efficiently, human resource has...
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| Format: | Article |
| Language: | English |
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EconJournals
2012-01-01
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| Series: | International Review of Management and Marketing |
| Subjects: | |
| Online Access: | http://www.econjournals.com/index.php/irmm/article/view/99/84 |
| _version_ | 1797906123014012928 |
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| author | Md. Tofael Hossain Majumder |
| author_facet | Md. Tofael Hossain Majumder |
| author_sort | Md. Tofael Hossain Majumder |
| collection | DOAJ |
| description | Dramatic advances of Information and Communication Technology (ICT), changing mix and personal values of the workforce, emergence of the knowledge economy and increasing global competition have created enormous challenges on organizations. To cope with the challenges efficiently, human resource has been considered as one of the most important factors in today’s hyper-competitive market place. The focus of this study is to gain an insight into the current HRM practices and its impact on employee’s satisfaction on the private banking sector in Bangladesh. For conducting this research, 100 bank employees are selected from the chosen banks and out of this 88 employees responses properly, the response rate is 88 percent. The questionnaire consists of different questions on nine HRM dimensions such as recruitment and selection systems, compensation package, job security, career growth, training and development, management style, job design and responsibilities, reward and motivation and working environment. The questionnaire was developed by using a five point Likert scale. In this study, some statistical measures such as Z-test, mean and proportion analysis is used to examine employee’s satisfaction. The study reveals that all HRM dimensions exercised in the private banking sector of Bangladesh does not satisfied to the employees equally. Most of the employees are dissatisfied with compensation package followed by reward and motivation, career growth, training and development, management style, and job design and responsibilities. So, these HRM dimensions quality should be improved for the betterment of the bank’s success. |
| first_indexed | 2024-04-10T10:16:05Z |
| format | Article |
| id | doaj.art-d5e1f902fc2144c1a1a90d0ddf7e4b77 |
| institution | Directory Open Access Journal |
| issn | 2146-4405 |
| language | English |
| last_indexed | 2024-04-10T10:16:05Z |
| publishDate | 2012-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Review of Management and Marketing |
| spelling | doaj.art-d5e1f902fc2144c1a1a90d0ddf7e4b772023-02-15T16:21:52ZengEconJournalsInternational Review of Management and Marketing2146-44052012-01-01215258Human Resource Management Practices and Employees’ Satisfaction Towards Private Banking Sector in BangladeshMd. Tofael Hossain MajumderDramatic advances of Information and Communication Technology (ICT), changing mix and personal values of the workforce, emergence of the knowledge economy and increasing global competition have created enormous challenges on organizations. To cope with the challenges efficiently, human resource has been considered as one of the most important factors in today’s hyper-competitive market place. The focus of this study is to gain an insight into the current HRM practices and its impact on employee’s satisfaction on the private banking sector in Bangladesh. For conducting this research, 100 bank employees are selected from the chosen banks and out of this 88 employees responses properly, the response rate is 88 percent. The questionnaire consists of different questions on nine HRM dimensions such as recruitment and selection systems, compensation package, job security, career growth, training and development, management style, job design and responsibilities, reward and motivation and working environment. The questionnaire was developed by using a five point Likert scale. In this study, some statistical measures such as Z-test, mean and proportion analysis is used to examine employee’s satisfaction. The study reveals that all HRM dimensions exercised in the private banking sector of Bangladesh does not satisfied to the employees equally. Most of the employees are dissatisfied with compensation package followed by reward and motivation, career growth, training and development, management style, and job design and responsibilities. So, these HRM dimensions quality should be improved for the betterment of the bank’s success.http://www.econjournals.com/index.php/irmm/article/view/99/84Human Resource ManagementEmployees SatisfactionPrivate BankZ-test |
| spellingShingle | Md. Tofael Hossain Majumder Human Resource Management Practices and Employees’ Satisfaction Towards Private Banking Sector in Bangladesh International Review of Management and Marketing Human Resource Management Employees Satisfaction Private Bank Z-test |
| title | Human Resource Management Practices and Employees’ Satisfaction Towards Private Banking Sector in Bangladesh |
| title_full | Human Resource Management Practices and Employees’ Satisfaction Towards Private Banking Sector in Bangladesh |
| title_fullStr | Human Resource Management Practices and Employees’ Satisfaction Towards Private Banking Sector in Bangladesh |
| title_full_unstemmed | Human Resource Management Practices and Employees’ Satisfaction Towards Private Banking Sector in Bangladesh |
| title_short | Human Resource Management Practices and Employees’ Satisfaction Towards Private Banking Sector in Bangladesh |
| title_sort | human resource management practices and employees satisfaction towards private banking sector in bangladesh |
| topic | Human Resource Management Employees Satisfaction Private Bank Z-test |
| url | http://www.econjournals.com/index.php/irmm/article/view/99/84 |
| work_keys_str_mv | AT mdtofaelhossainmajumder humanresourcemanagementpracticesandemployeessatisfactiontowardsprivatebankingsectorinbangladesh |