BRAC Bank Ltd. (BBL)

Abstract

Human Resource Management (HRM) is concerned with the acquisition, development, control and maintenance of Human resources in an organization. It can also be defined as the management of the workforce of a business organization to ensure sufficient staff levels with the right skills, properly rewarded and motivated. Human Resource Management (HRM) is a planned approach to managing people effectively for better performance. It aims to establish a more open, flexible and caring management style so that staff will be motivated, developed and managed in a way that they can give of their best to support departments’ missions. Good HRM practices are instrumental in helping achieve departmental objectives and enhance productivity of any fast growing organization.Organizational Commitment involves with an employee’s loyalty to the organization, willingness to exert effort on behalf of the organization, degree of goal and value congruency with the organization, and desire to maintain membership. When employees believe that their organization intends to support them and expresses its commitment to its employees through its HRM practices (training, rewards, equal employment opportunity, etc.), it makes the employees more committed to the organization. Eisenberger et al (1990) discuss that those employees who feel that they are cared for by their organization and managers have not only higher levels of commitment, but also they are more conscious about their responsibilities, have greater involvement in the organization, and are more innovative.