Ongoing Corporate Human Resource Management Practice in Banking sector of Bangladesh

Abstract

Strategic HR practice is always a challenge for any organization to provide a set of service that is able to make the sense in terms of implementing the organization s strategic plan Because without proper evaluation of the term a company may not find out the challenges and the probable scopes of improvement In today s business world we cannot avoid the contribution of strategic practice especially in the service sectors like fast growing banking sector The banking service in the world is growing day by day Bangladesh albeit a developing country is no exception from it In the recent period of time Human Resource Management HRM practices became so familiar and momentous in every business sector of Bangladesh The success of every organization is coming through the performance of the employees of that organization The effectiveness of the employee performance is largely depends upon the HR policy and practices Therefore the management should consider the magnitude of strategic HRM practices The strategic plan for HR system will give a broad guideline within which the management can make decisions about their human resource In designing the company s HR system the HR manager need to understand the nature of the company s business their position in the market moreover the objective and goal so that she or he can design a plan that will perfectly suits to achieve the strategic goal This study has attempted to have knowledge about strategic HRM practices in the business sector of Bangladesh like the banking sector because it plays a pivotal role to the economic growth of the country