22.11.2012 Views

Interdisciplinary Journal of Contemporary Research in ... - Webs

Interdisciplinary Journal of Contemporary Research in ... - Webs

Interdisciplinary Journal of Contemporary Research in ... - Webs

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

ijcrb.webs.com<br />

INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS<br />

JANURAY 2011<br />

VOL 2, NO 9<br />

Accord<strong>in</strong>g to (Storey, 1995), HRM <strong>in</strong> more detailedlogic as it <strong>in</strong>volves top management and<br />

l<strong>in</strong>e management <strong>in</strong> practic<strong>in</strong>g the pr<strong>in</strong>ciple which makes bus<strong>in</strong>ess personnel capable and<br />

committed to endow with a competitive advantage. Theory <strong>of</strong> HR verdict as be<strong>in</strong>g <strong>of</strong><br />

commercial and strategic significance and encourages growth <strong>of</strong> an organizational flexibility,<br />

commitment, and culture <strong>of</strong> consensus. Keep<strong>in</strong>g <strong>in</strong> view this explicit notion <strong>of</strong> HRM, a careful<br />

differentiation is propounded by (Storey, 1995) which is a hard and s<strong>of</strong>t a description <strong>of</strong><br />

HRM. S<strong>of</strong>t HRM culture is <strong>in</strong> which employees are considered as a resource <strong>of</strong> <strong>in</strong>genious<br />

vigor and all the employees <strong>in</strong> the organization take full part <strong>in</strong> decision mak<strong>in</strong>g keep<strong>in</strong>g <strong>in</strong><br />

view pr<strong>of</strong>itability on long-term basis. Whereas a hard HRM culture is <strong>in</strong> which importance is<br />

on arrangement <strong>of</strong> the structure and strategy is more unambiguously focused on organizational<br />

control, carefulness, and pr<strong>of</strong>itability (Lafferty& P<strong>in</strong>n<strong>in</strong>gton 2003). As the HRM practices are<br />

been given more importance and implemented, the more there is extent for direct <strong>in</strong>volvement<br />

<strong>of</strong> employees through schemes <strong>of</strong> employee engagement. The workers will have more<br />

understand<strong>in</strong>g and optimistic emancipation <strong>in</strong> the sense that they experience more<br />

opportunities to contribute <strong>in</strong> implementation and manipulation over company‘s pert<strong>in</strong>ent<br />

verdict (Guest 2001). Human resources are the important variable for the susta<strong>in</strong>ability and<br />

growth <strong>of</strong> any organization. The process starts the recruitment <strong>of</strong> good quality employees and<br />

selection <strong>of</strong> the precise people for the precise jobs. Employee‘s engagement is directly related<br />

on the selection <strong>of</strong> right people for right jobs (Hunter & Schmidt, 1983). When the employees<br />

are accepted <strong>in</strong> the decisions mak<strong>in</strong>g process <strong>in</strong> deal<strong>in</strong>g rout<strong>in</strong>e matters it has a successful<br />

impact on the organizations. If these actions and decisions are predisposed by their <strong>in</strong>dividual<br />

<strong>in</strong>ner drives and enthusiasm it is assumed that employees are fully engaged and are work<strong>in</strong>g <strong>in</strong><br />

positive direction (Iaffaldano& Much<strong>in</strong>sky, 1985).<br />

Tra<strong>in</strong><strong>in</strong>g and development still an important factor for the Human Resource Management for<br />

employee engagement (Andrew, 2008). Tra<strong>in</strong><strong>in</strong>g and development is imperative for all<br />

service processes as these are subject to errors and are no different. Tra<strong>in</strong><strong>in</strong>g improves service<br />

<strong>in</strong>accuracy and it can at once impact service performance and employee engagement<br />

(Keaveney, 1995). For employees engagement tra<strong>in</strong><strong>in</strong>g has usually been established by<br />

management to develop a particular range <strong>of</strong> bra<strong>in</strong> th<strong>in</strong>k<strong>in</strong>g, develop<strong>in</strong>g skills, logical<br />

reason<strong>in</strong>g and problem solv<strong>in</strong>g. Tra<strong>in</strong><strong>in</strong>g is essential for all future as well as present managers<br />

to acquire fast chang<strong>in</strong>g technologies, system based th<strong>in</strong>k<strong>in</strong>g and on time logical decision<br />

mak<strong>in</strong>g abilities. All such abilities can only be possible by careful design<strong>in</strong>g <strong>of</strong> tra<strong>in</strong><strong>in</strong>g<br />

programs. Tra<strong>in</strong><strong>in</strong>g is an important variable for the organizations to keep the employees<br />

engaged (Ohayun, 2002).<br />

(Denison, 1990) reports that organizations <strong>in</strong> which employees were participative <strong>in</strong> decisionmak<strong>in</strong>g<br />

practices at higher levels have showed more employee engagement and their f<strong>in</strong>ancial<br />

performance relative to their opponents organizations gradually <strong>in</strong>creased. F<strong>in</strong>ancial assets <strong>of</strong><br />

any company have always engaged central importance whenever it has come to management<br />

decisions; world‘s recent f<strong>in</strong>ancial crisis has raised the significance <strong>of</strong> decision mak<strong>in</strong>g to<br />

critical level. This has directly affected the f<strong>in</strong>ancial sector specially banks. As the<br />

organizations cannot control external environment <strong>in</strong> period <strong>of</strong> recession, more direct<br />

importance has been put on management <strong>of</strong> <strong>in</strong>ternal environment <strong>in</strong> decision mak<strong>in</strong>g and<br />

coord<strong>in</strong>ation at all levels <strong>of</strong> hierarchy (Huselid, 1995). This not only <strong>in</strong>creases the employee‘s<br />

value but also employee‘s engagement. He further states that HR should not be neglected<br />

because it can br<strong>in</strong>g competitive advantage to organization. Therefore HR should be managed<br />

COPY RIGHT © 2011 Institute <strong>of</strong> <strong>Interdiscipl<strong>in</strong>ary</strong> Bus<strong>in</strong>ess <strong>Research</strong> 381

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!