The Current HRM Practices in Banking Institutions of Pakistan with Reference to Technological Advancement

Abstract

Organizations are being forced to adapt, and new trends are emerging in
human resource management as a result of rapid technological development, rapid
penetration, and accelerated globalization. Various technological advancements
have not only saved the hustle of the management system but have also proved to
be less expensive and time-saving. This study validates the impact and
significance of the new technological gears, technology in HR practices, and the
extent and effectiveness of HR technology on in the banking Institutes of Pakistan.
The study is conducted by adapting a questionnaire survey filled out by the
professionals serving the banking industry of Pakistan. Regression analysis,
correlation analysis, and descriptive analysis are used to analyze the gathered data.
The study concludes that technological tools used, technological HR practices,
and the extent of HR technology is positively correlated through technology
effectiveness. The result of this study is limited as it chooses only a few E-HR
practices related to banks' performance. Electronic Human Resource strategies are
important in improving bank performance therefore; there is a need to adopt E-HR
practices that aim to improve banks' performance.