Investing in Success: Role of HRM Strategies on Performance Sustainability in the UAE Banking Industry

Tahir Masood Qureshi, Mahesh Ramakrishna Pillai and Abhilasha Singh

Purpose of this study is to analyze the role of HRM practices and strategies on performance sustainability in the banking industry of United Arab Emirates (UAE). It has always debated that better human resource strategies, namely talent acquisition and development can always transform organizations through deploying and developing people using well designed strategies. A sample of 230 professionals employed in human resource management field in 47 banks were selected as sample to empirically validate the relevance of talent acquisition and development with relation to organizational performance. Diversified tools and techniques including the descriptive statistics, correlation and regression were applied for primary data analysis collected using questionnaire. Findings while suggesting the vast and wide practical implications for the business further explains that there exists significant relationship amonst HR strategies, practices and organizaitonal performance in addition to mediating role of HR strategie between HRM practices and organizational performance.The study exhibits a tremendous growth and utilisation of HRM practices and strategies on a concurrent basis. As industrial culture is on a transition, in a global business scenario and in the Arab world. To channalize the best of the industrial benefit, the latest tools in talent acquisiition are utlised in HR practices. Better the practices and strategies, best will be the output in organisatisations. Findings and importance of this research study will help organizaitons to review their working mechanism for better performance. This study focuses on one industry but methodogy and results can widely be generalized to other industries operating in GCC, as working environment and cultural dynamics are almost similar in the region.

DOI : https://doi.org/10.21102/wjm.2018.03.91.02