The Impact of Human Resource Practices on Employee Motivation; Empirical Evidence from Private Sector Banks of Pakistan
The banking sector plays a vital role in the economic development of a country. This study attempted to examine the impact of Human Resource Management practices on motivation of employees working in the private banks of Pakistan. The significance of the study is that it will help managers to overcome the shortcomings in the existing human resource practices to affect employee motivation positively. The data collected from 266 employees working in different branches of private banks falling in AA or AA+ categories determined by the Pakistan credit rating agency (PACRA) and JCR-VIS which is joint venture of Japan credit rating agency and Vital Information Services (Pvt.) Limited. The simple random sampling method is used for data collection from the respondents. To determine to outcome of various independent factors on the dependent variable the Cronbach‘s alpha, descriptive statistics and Pearson Correlation coefficient are used. The finding of the study reveals that human resource management practices including training, performance appraisal, compensation & benefits are significant predictors of employee motivation.