Managing Human Resource
Article 1
Full reference to the article:
Paşaoğlu, D. (2015). Analysis of the Relationship Between Human Resources Management Practices and Organizational Commitment from a Strategic Perspective: Findings from the Banking Industry. Procedia – Social And Behavioral Sciences, 207, 315-324. doi: 10.1016/j.sbspro.2015.10.101
Objective and research question:
The article primarily aims to analyse the impacts of human resource (HR) practices on the commitment of organisations. The study systematically and strategically analyses the relationship between organisational commitment and human resource practices in the financial sector. The study focuses on to examine what are the variables that support to organisational commitment and HR practices in banks. It also focuses on how these variables strengthen and enriches the relationship between them.
Method:
The research methodology was conducted to measure the hypothesis that was based on organisational commitment and human resource practices. For this purpose, a questionnaire survey was conducted to analyse various human resource practices. The research indicated that there were approx. 450 questionnaires that were mailed to HR members working in public and private sector banks.
Findings and discussion:
From the research, various human resource management practices and their impact on the commitment of organisations has been found out. In this article, the performance appraisal, training, job security, compensation and reward management are analysed effectively. The results revealed that the management of the financial sector may control their staff members to maintain the commitment of organisations. Along with this, the management of public and private sector banks may encourage the external members to join the financial sector to gain additional and effective services. It has been found that there is a positive relationship between human resource practices and organisational commitment in banking institutions. Also, there is a positive correlation between these two aspects which is shown by a theory of social exchange. This theory indicates that the relation of social exchange has been taken place between staff members and the banking sector. Also, the theory of social exchange discussed that every banking institution provides enormous facilities and services to its employees to feel special in the organisation. The study also discussed that the financial sector in the modern market wants to hire the skilled, qualified and productive workforce so that the success and growth can be increased.
Conclusion:
From the study, it has been concluded that there is a positive and strong relationship between organisational commitment and HR practices of the financial sector. It has been analysed that organisations require to hire and select a productive workforce to increase its growth in the market place. Thus, it is essential for public and private sector banks to hire qualified staff members in the workplace.
How this article will contribute to my Essay 3:
In this article, I have learnt about various things related to the financial sector. I have learnt about performance appraisal, compensation, reward management, training and job security. Thus, this article helped me in increasing my knowledge and learning skills towards these concepts and also it will contribute to my essay 3.
Article 2
Full reference for the article:
Peña, I., & Villasalero, M. (2010). A business strategy, human resource systems, and organizational performance in the Spanish banking industry. The International Journal Of Human Resource Management, 21(15), 2864-2888. doi: 10.1080/09585192.2010.528670
Objective and research question:
The report primarily aims to develop HR strategies and system of public and private sector banks in the Spanish country. The study also aims to evaluate and measure the effectiveness of human resource system to gain a competitive advantage in the financial sector. There are two research questions involved in this article. The first question is based on why the HR strategies and system are important for public and private sector banks in Spanish. Also, the second question is based on why the strategies and system of human resource are important to this sector.
Method:
The data was collected from a questionnaire survey research method. With the help of this method, the samples were distributed among executives, managers and employees of banking institutions of Spanish. The survey of 202 banks was conducted in this article in which there were 72 private limited banks, 83 credit unions and 47 saving ownership banks.
Findings and discussion:
The research examined that the major primacy of banking institutions is to motivate the system of human resource management and to encourage the needs of executives and managers in the Spanish country. It has been observed that the public and private sector banks attain a competitive advantage against other companies in the market place. By gaining a competitive advantage, performance of staff members can be improved effectively. Apart from this, it has been found that the payroll system is a system of human resource management (HRM). Thus, there is a strong and effective relationship between the human resource system and public and private sector banks in Spanish. Currently, this system established in banking industries of Spanish to allow the organisations to enable its workforce to organise and avail data appropriately. Also, the system helps the workforce by mitigating their problems of documents, forms and files. However, there are some negative points have been found in the article. These limitations should be reduced by focusing on some areas. Thus, it is significant to promote banking services among Spanish people so that demand can be increased. The increase in demand also leads to an increase in the growth and success of financial institutions. The article requires to develop a strategic role by senior executives in banks so that limitations can be easily reduced.
Conclusion:
From the research, it has been analysed that public and private sector banks attain a competitive advantage against other companies in the market place. The article also comprised of some limitations which can be mitigated by developing a strategic role among executive in the Spanish financial sector. Also, it is essential to promote banking service among people in Spanish.
How this article will contribute to my Essay 3:
The article provides knowledge about strategies and system of human resource management in financial institutions of Spanish. It will contribute to my essay by increasing my learning skills related to payroll system of public and private sector banks.
Article 3
Full reference for the article:
Kirov, V., & Thill, P. (2018). The impact of crisis and restructuring on employment relations in banking: The cases of France, Luxembourg and Romania. European Journal Of Industrial Relations, 24(3), 297-313. doi: 10.1177/0959680117752047
Objective and research question:
The purpose of this article is to find out the effects of the crisis on industrial relations of banking institutions. The article is based on the case of financial organisations of Romania, France. The article also aims to analyse the impacts of restructuring on the industrial relationship of the banking sector, finance. Various question of the study is based on how crisis and restructuring impacts on industrial or employment relationship in banking industries.
Method:
The overall research of this article was based on European research. The research methodology mainly focused on banks of Romania, France. There were 25 interviews were conducted by the authors to analyse the impact of the crisis on the industrial relationship. In these interviews, some common questions have been selected by the interviewer. From these 25 interviews, 8 interviews were conducted in France, 7 in Romania and 10 in Luxembourg.
Findings and discussion:
It has been found that the government of France plays an active role to empower industrial or employment relationship in the banking sector. It empowers the relationship by providing adequate wages, monetary and non- monetary rewards to bank’s staff members. Further, staff members of financial institutions are usually represented as a union that has the power to negotiate with employers of an organisation. They have the power to sign collective agreements in the banking sector of Romania, France. The study also found three responses to the industrial relationship in Europe. These responses directly or indirectly influence the performance of financial institutions as well as its staff members. It also focused on mechanisms of restructuring and its impact on the industrial relationship of the banking sector. Pre-Crisis and post-crisis affect the employment relations of the financial sector. The pre-crisis banking restructuring research considers on to enhance more competition and deregulation in the competitive market whereas post-crisis considers on employment model’s diversity including banking restructuring paths. The model of industrial relation named “neo –corporatist” and “statist” still in operation in Luxembourg and France. This type of model reinforced by the government intervention of France and operates with effective collective bargaining of trade unions. It has been discussed that the collective bargaining of trade unions was reinforced by crisis and restructuring of the financial sector.
Conclusion:
The entire article is based on the case of financial organisations of Romania, France. The article summarised that crisis and restructuring negatively or positively influence the industrial relations of banking institutions. The study examined that there is a need to mitigate crisis and restructuring to enhance an effective industrial relationship.
How this article will contribute to my Essay 3:
This article will positively contribute to my essay as it discussed the concept of industrial relationship. I have learnt that it is essential to provide monetary and non- monetary rewards to employees to empower industrial relationship in the banking sector. Also, I learned about the mechanism of restructuring, pre-crisis and post-crisis of banks.
Article 4
Full reference for the article:
Mehmood, M., Awais, M., & Moiez Afzal, M. (2017). Human Resource Management Practices and their Impact on the Job Performance of Employees with Special Reference to Banking Sector. International Journal Of Engineering And Information System, 1(9), 165-178.
Objective and research question:
The major objective of this study is to identify the effects of human resource management (HRM) practices on the performance of financial organisations. The impacts of HRM practices on job satisfaction of employees are also determined in this article. Besides, the research questions of the study focus on how the practices of human resource management impacting on job satisfaction and organisational performance. It also focuses on what are the important factors of business that are impacted by HRM practices of public and private sector banks.
Method:
The research methodology is based on a questionnaire survey method. The sample size of the questionnaire was 90 which targets the staff members of private and public banks. Also, the information was collected from the Gift University, Central Punjab University and Punjab University. In this methodology, a non –probability sampling technique was used including the technique of convenience sampling.
Findings and discussion:
The concepts of organisational performance, job satisfaction and human resource practices have been discussed in this research article. The performance of financial organisations is based on an increase in sales, growth of market share and the entire growth of the organisations. Also, the performance of financial organisations is comprised of three particular areas such as financial performance, market performance and shareholder’s return. The financial performance involves profits, ROI etcetera where the performance of the market involves market share, increment in sake etcetera and return of shareholders involve value-added products. Aside from this, the concept of job satisfaction refers to the feelings and emotional state of staff members towards the management of the financial sector. It considers the attitude of staff members towards the activities and tasks of organisations. Moreover, human resource practices (HRP) refers to strategic activities that execute the plans of banking organisations effectively. These practices involve reward, compensation and training programs of staff members. Besides, these practices develop leadership skills among team members so they can perform effectively in the workplace. It has been found that human resource activities are embedded in HR practices. These activities involve staffing, organising, training & development, health and safety, compensation and many other activities.
Conclusion:
The study concluded that HRM practices directly influence the performance of financial organisations as well as their staff members. It has been analysed that practices of human resource management lead to job satisfaction which increases the productivity of staff members in the financial sector.
How this article will contribute to my Essay 3:
This article will contribute by providing me with effective knowledge regarding HR practices. After studying this article, I have learnt that it is essential for every banking institution to focus on human resource management practices to improve their performance. The study also increased my knowledge of staffing, organising, training & development, health and safety, compensation and many other activities.
Article 5
Full reference for the article:
Giorgi, G., Arcangeli, G., Fiz-Perez, J., Di Fabio, A., & Mucci, N. (2017). Work-Related Stress in the Banking Sector: A Review of Incidence, Correlated Factors, and Major Consequences. Frontiers in Psychology, 8. doi: 10.3389/fpsyg.2017.02166
Objective and research question:
In this article, a major work design challenge faced by the banking sector has been examined and its impact on organisational performance has been evaluated. This challenge is named as work stress, faced by employees of the finance sector. The primary objective of this article is to analyse the work-related stress faced by staff members in banking industries. The research question involves what are the factors and consequences of work-related stress that impacts on the performance of staff members as well as organisations.
Method:
The study is based on scientific literature which described the work design challenge faced by employees i.e. work-related stress. In the scientific literature, keywords were chosen based on work challenges such as work-related stress, job stress and organisational stress. In this article, MOOSE group principles and guidelines were followed by the authors. MOOSE stands for “Meta-analysis of observational studies in Epidemiology.”
Findings and discussion:
Various incidence of work stress challenges has been found out in this article. By conducting the scientific literature, it has been noted that work stress occurred when the staff members have a pressure of work overload. The workload dissatisfied employees of the financial sector that negatively affects the performance of organisations. The study indicated that the challenge of work stress strongly affects the health and lives of people. The psychological and physical state of employees is strong with this type of challenge. Sometimes, it results in anxiety, nervousness, discomfort, depression and other health-related problems. Thus, stress is a critical challenge faced by the workforce in banking institutions. The authors in the scientific literature have used various parameters to examine job stress challenge in the financial sector. It has been discussed that both male and female staff members have faced the work stress challenges in the banking industries. The study indicated that people who work in private and public sector banks have a high level of stress whereas people who work in corporative organisations have faced a low level of stress as compared to others. The work-related sometimes creates problems in the personal lives of employees which results in conflict and other problems. Thus, there is a need to reduce the work overload of employees in the financial sector.
Conclusion:
The overall article concluded the challenge of related stress faced by employees in the banking sector. It has been analysed that this challenge caused psychological and physical health problems for employees. Hence, there is a need to mitigate the stress of employees in the banking sector.
How this article will contribute to my Essay 3:
This article will help me in providing knowledge about work-related stress. I have learnt that work design challenge which is work stress caused various problems. It also affects the personal lives of staff members working in the public and private sector banks.