Differences in effectiveness of Humen Resource Management practices Essay

Differences in effectiveness of Humen Resource Management practices (HRM) in Saudi Arabia between local and multinational banks - Essay Example The two fold problem has been considered in this dissertation. First of all it has been identified that what are the main effective human resource practices with respect to banks in Saudi Arabia and in the other developing and developed countries. It is then considered that whether the human resource practices are more effective in international banks as compared with the local banks. The questionnaire method been used for data collection. Equal numbers of people from local and international banks in Saudi Arabia were asked the questions. Likert scale was used to devise the questionnaire. Job satisfaction was considered as proxy for effective human resource practices. The job satisfaction is a direct consequence of the phenomenon and it can be said that the HR is working effectively. So job satisfaction has been taken as a proxy for effective HR practices. SPSS was used for analyzing the responses. It has been found out that in the domain of recruitment and selection the main effecti ve HR practices are scientific recruitment methods and clear job analysis. In performance management the significant practices are quick and professional feedback. Effective training is also an effective HR practice. On the other hand it was found that the multinational banks have more effective HR practices than the local banks. ... Signature: Name: Mana Almana   Dated: 8/9/2010 Table of Contents Chapter 1. Introduction: 1 1.1 OVERVIEW: 1 1.2 Research Objectives 9 1.4 Research Chapters: 11 1.5 Summary 11 2.LITERATURE REVIEW 12 2.1.Selection and recruitment: 12 2.2. Performance Management: 19 2.3. Training and Development 25 2.4 Job satisfaction as proxy for HR effectiveness 34 Chapter 3. METHODOLOGY 30 3.1. Introduction 30 3.3. The Research Hypothesis 32 3.4. Data Sources and Collection Methods 34 3.5. Summary 44 Chapter 4: Data Analysis and findings: 44 Through SPSS 45 3.1 Recruitment & selection and HR effectiveness (as represented by job satisfaction) 41 3.2 Performance management and the HR effectiveness (as represented by job satisfaction) 56 3.3 Training and HR effectiveness (as represented by job satisfaction) 53 3.4 Performance of International banks and local Saudi Banks 57 Chapter Summary : 64 Chapter 5: Discussion 74 Chapter 6: Conclusion and Recommendations 76 References: 69 Appendix 1: Questionnai re 74 Chapter 1. Introduction: The first chapter is prepared to give an insight of the research problem discussed. It provides background information in overall structure and function of the Saudi banking sector. It then presents the literature review conducted to elucidate human resource management in general. Following up from the fundamentals the importance of this discipline is studied and explained with respect to the banking sector in particular. The study evaluates the significance of human resource management to this industry by comparing the theoretical grounds with the best practices. Finally the purpose of the research will be explained along with