Open AccessThe Impact of HRM Practices on Organizational Financial Performance of Banking Sector of Pakistan
Author(s) -
Jehanzaib Ali,
Arqum Moqeet,
Shafaq Jehanzaib
Publication year - 2021
Publication title -
jinnah business review
Language(s) - English
Resource type - Journals
eISSN - 2307-7921
pISSN - 2070-0296
DOI - 10.53369/fkld7879
Subject(s) - sample (material) , business , mainstream , variables , relation (database) , organizational performance , human resources , regression analysis , human resource management , knowledge management , marketing , computer science , economics , management , statistics , mathematics , chemistry , chromatography , database , philosophy , theology
This research comprehensively assessed the relation between framework of human resource management (HRM) practices and organizational financial performance. The results based on a sample of banks of Pakistan demonstrate that these practices have a monetarily and measurably huge effect on financial performance of organization in short and long term. Information was gathered through a questionnaire survey and tested on random sample of 120 bank employees in Pakistan. The effect of HR practices on financial performance of association is to a limited extent dependent upon their interrelationships. The mediating model is applied where the perceived organizational support is the mediating factor among the independent variables HR practices and dependent variable the financial performance of firm. The investigation demonstrates the relationship on the information gathered by the surveys using Statistical techniques, i.e. correlation and regression. The study concluded that all tested variables have a positive relation and impact on financial performance of banks. Towards the end, the research challenges are presented to mainstream researchers and future patterns are also enlisted.