An Analytical Study of Impact of HRM Practices on Job Satisfaction in Private Banking Sector in India

Abstract

Today’s Era is of globalization where business environment has become very volatile. Acquisition and optimization of human resource has become a serious challenge for each organization. Human resources are an important source of competitive advantage but unfortunately valuable and competent employees scarcely found. No doubt several internal and external factors affects the success of an organization but the most important of them are its company specific employees. HRM practices are concerned with the creation of linkage between the overall goals of an organization and human resource strategy and implementation. This paper intends to emphasize that there exists a casual linkage between HRM practices and job satisfaction. An attempt to examine and analyses the impact of HRM practices on job satisfaction of the employees has been made in this paper with specific reference to the private sector banks in India. In the courses of examination the estimated regression model identified that HRM practices like training, performance appraisal, team work and compensation package and reward have significant impact on the job satisfaction of the employees of banks. The conclusion is that the way an organization manages its human resources has a significant relationship with the organization performance.