Impact of human resources practices upon turnover and productivity in the banking sector of Pakistan

Abstract

When we talk about the HR practices, we come to know that good HRM practices are instrumental in helping to achieve departmental objectives and enhance productivity. A firm's current and potential human resources are very important for the development and execution of the successful implementation of its strategic business plan, and so in the banking sector, retaining the trustable and loyal workforce can manage to bring productivity for the firm and lower turnover among the employees. HR practices focus clearly on changes to employees' jobs and career prospects. Situational factors such as commitment of employees change the process significantly influences over the quality and type of skills that the new employees possess. By providing them with the formal and informal training experiences, such as basic skills training, on-the-job experience, coaching, mentoring, and management development, can further influence employees' and satisfaction with the change process make important contributions to withdrawal of employee commitment, loyalty, trust, pessimism and powerlessness. The result of effectively managing human resources is an enhanced ability to attract and retain qualified employees who are motivated to perform. The results include greater profitability, low employee turnover, high product quality, lower production costs, and more rapid acceptance and implementation of corporate strategy. © Springer-Verlag Berlin Heidelberg 2014.