Increasing employee job satisfaction as well as organizational performance through effective HRM practices in private commercial banking sector of Bangladesh.

Abstract

Private commercial banking sector in Bangladesh is booming in recent times with higher number of potential customers from the local market due to rapid industrialization. New private commercial banks are also opening in every five year times.  But this sector is facing challenges in achieving management efficiency one of which leads to experience high level of competition. In order to achieve sustainable growth in this competitive market, and to achieve higher organizational performance, special emphasis should be given to improve HRM practices in this sector. The relationships among HRM practices, Job satisfaction and business performance have been an integrated issue for business and operational environment. HRM practices are also considered as major contributory factor for higher organizational performance through higher job satisfaction. This study has been conducted to explore the influence of HRM practices on job satisfaction and how job satisfaction brings higher organizational performance. Since, the HRM practices are mostly responsible for the achievements of business strategy and success; particular attention has given in this paper to focus the importance of HRM practices.

Key Words: HRM Practices, Job Satisfaction, Organizational Performance, Private Commercial Bank.