Impact of Human Resource Practices on Motivation of Employees in Banking Sector of Pakistan

Abstract

Motivation of employees is key factor for successes in any organisation and it is largely depends on human resource practices of organisation. The aim of the study is to find out the relation between human resource practices (Compensation packages, training programs and promotion) and motivation of employees of banking sector. Banking sector of Pakistan has been showing tremendous performance from last two decades and role of employee can’t be overlooked in this regards. Compensation packages, training programs and promotion policy have direct influence on motivation level of employee. Data is collected through questionnaires and interviews. Sample of 300 employees and 50 branch managers of banks are selected for filling questionnaire by applying stratified sampling on banks. Result reveal that employees are much concerned about compensation packages, training programs and promotion policy and consider them as career milestone but they are not highly satisfied with their compensation packages, training and promotion policies. Although managers are more satisfied as compare to other employees in this regard but majority of employees are not highly satisfied in this regard.

Keywords: Motivation, compensation packages, promotion policy, employees of banks