Paradigm Shift of HRM Practices in the Banking Sector of Bangladesh

Abstract

This paper mainly focused on how the paradigm of HRM practices in the banking industry of Bangladesh shifted from decades to decades. For the research purpose, we have divided the banking sector into – Public and Private Banks; conducted a qualitative research and compared the actual result of the HRM practices in both types of banks. The first section of this report covered the actual situation of HRM practices in Bangladesh, based on research opinion of various authors concerning the vital issues of HRM like – Recruiting, Selection, Training & Development, Compensation & Benefit, Performance Appraisal, Promotion and Industrial Relation. The research methodology was comprised of two methods – Primary Method (Questionnaire survey and in-depth Interview) and Secondary Method (Online journals, Websites). Moreover, the questionnaire was divided into 3 decades to find exactly how the paradigm of HR shifted in the banking industry. Next section reveals the result & discussion part based on the information given by the banks. From the findings the actual paradigm shift of HRM practices in the banking industry was portrayed in the next section which was followed by proper justification. Then the paper was concluded with some unique suggestions to improvise the HRM practice in the banking sector