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Relationship b/w HR Functions & Financial and People Growth
Content of the Presentation vBackground of the Study vProblem Statement vSignificance of the research vResearch Objective & Questions vLiterature Review vTheory and Research Model vResearch Framework & Hypothesis vMethdology vData Collection and Analysis Methods vLimitations
Background of the Study The financial sector all around the globe has undergone transformation, based on technological changes which have changed the face of banking sector. The banks and financial institutes of Pakistan are no exception and based on technological advancement, there is need to make reliance on competitive human resources, who have differentiated skills inventory to excel in competitive era of technology Human Resource Function Financial Competence Firm Technology Performance Transformation in Banking Systems
Problem Statement 1 2 3 With the modernization of information technology tools and its impact on the firm’s competitive positioning, the banks operating at international level has started to adopt this technology to experience the extraordinary advantages of technology. However, the implication of this investment on the human resource of the banks is still undiscovered and the banks of Pakistan have also not made use of most advanced technology tools to take advantage out of it (Wang et al, 2017). Limited Research As the banking system in digital world has evolved and showed its effectiveness in the various regions in term of improving HR practices, the implication of strategic IT investment in Pakistani banks is still unexplored (Sarda et al, 2018; Bencic Zarko, 2019). Evolving Field The research is aimed to finding the solution to the problems present in the financial sector of Pakistan in term of HRM issues and the issue of overall growth of the banks. The underlying factors which are considered as the driver of growth are the financial competency and effective human resource management. (Onik et al, 2018; Sime and Themelis,2018). Theory & Model
Significance of the Research …the notion of using advanced IT tools such as data science and big data analysis in HR, in the context of Pakistani banks, are completely new and thus it will add significantly in the stream of growing literature. THEORETICAL CONTRIBUTION PRACTICAL CONTRIBUTION …professionals will learn about the benefits of innovative technology solution in human resource management and its wider contribution in strengthening the financial performance of banks. …can foster competency of banks. FUTURE RESEARCH …endeavours for future researchers to further study the possible role of modern IT tools in human capital management and development.
Research Gap … reliance on HR functions is not enough, unless it is being supported by intervening factors (Solnet, Kralj & Baum, 2015; Sharma & Sengupta, 2018). Financial Competency as intervening factor = less explored 1. The role of financial competency as intervening factor the banks of Pakistan have also not made use of most advanced technology tools to take advantage out of it (Wang et al, 2017). Not yet explored 2. Implication of IT investment on the human resource growth in Bank explored whether working on these two underlying factors, it is possible for the banks of Pakistan to attain financial growth.. Not yet explored 3. to what extent the technology is prodving the helping hand to the organisation ?
Research Objectives & Research Questions Research questions What is the role of talent sourcing, learning Research objectives To determine the role of talent sourcing, learning ßà opportunity and succession planning in defining opportunity and succession planning in defining the the financial growth of banks of Pakistan? financial growth of banks of Pakistan What is the role of talent sourcing, learning To determine the role of talent sourcing, learning ßà opportunity and succession planning in defining opportunity and succession planning in defining the the people growth of banks of Pakistan? people growth of banks of Pakistan. Does financial competency mediate the To analyse the mediating role of financial competency ßà relationship between HRM practices and financial in HRM practices and financial growth of Pakistani growth of Pakistani banks? banks.
Research Objectives & Research Questions Research questions Does financial competency mediate the relationship Research objectives To analyse the mediating role of financial competency in HRM ßà between HRM practices and people growth of Pakistani practices and people growth of Pakistani banks. banks? Does the use of investment in information technology To examine how the investment in information technology the ßà moderate the association of HR functions and financial association of HR functions and financial growth of Pakistani growth of Pakistani banks? banks. Does the use of investment in information technology To examine how the investment in information technology ßà moderate the association of HR functions and people moderates the association of HR functions and people growth growth of Pakistani banks? of Pakistani banks.
Underpinning Theory Tangible Resources 1. Financial competence (cash, securities, borrowing capacity) 2. Physical Assets Intangible Resources 1. Technological Competence 2. Culture 3. Leadership Human Resources 1. Skills, Knowhow 2. Future Talent capacity 3. Motivation Resources Firm Performance Financial Growth – People Growth Resource Based View of Firm’s Performance
Proposed Model Strategic IT Investments HR Functions Firm’s Performance Talent Sourcing Financial Growth Financial Learning & Development Competence People Growth Succession Planning
HR Competency with Firm Performance and Financial Competency • Talent Sourcing is a technique which is used for getting accessibility to talent for the company and for acquiring a talented candidate. • The Learning opportunities is the insights which is provided to the employees for increasing the on-job learning. • The succession planning is a term of hiring or replacing new leaders with the older one and this is defined as one of the function of HR. • HR function Learning and Development Opportunities Talent Sourcing Succession Planning
Research Design Research Strategies Quantitative Designs Research Approach Deductive Research Philosophy Positivism Time Horizon Cross-sectional Sample Procedure Simple Random Sampling Data Collection Survey Construct Validity Pilot Testing Sample Size 450 Employees
Philosophy Of Research Objectivism & positivistic research paradigm (Davies & Fisher, 2018) 22Hypothesis for framework development Ontological Assumptions Euzenat & Shvaiko, 2007 Deductive Reasoning (Ghauri & Grønhaug, 2010) Naturalistic social ontology Euzenat & Shvaiko, 2007 Creative Thought Process (Cooper & Emory,1995) formal and structured research process (Malhotra, 1999, p.148; Sood, 2007)
Research Process 1. Research problems, objectives and significnace 2. Critical content analysis of Literature Review 7. Signifcant Findings and Final Report 3. Hypothetical statements and Theoratical Framewwork 6. Data Anaylsis and Draft Report 5. Data Collection through corrected questionnair e 4. Research Instrumentai ton and Pilot Study to test Questionnair e
Research Methdology Sampling Method Simple Random Sampling (Mugenda & Mugenda, 2003) Research Design Quantitative 05 01 (Sekaran & Bougie, 2016) Instrument Primary Data Collectin Questionnaire (Kaleem (2019), Panari, Guglielmi, Simbula & Depolo (2010). Lansberg and Astrachan (1994) (Weill, 1992) , Isá Sezões (2018) , Oztemel E, Ozel S (2018) Secondary Data Collection Internal Reports, Public Annual Report of the bank 06 Unit of Analysis 02 The individual undergraduate and postgraduate students Methodology Population 03 27000 Employees ( 9 Banks) Measurement Scale Measurement Scale Five points Likert Scale (Creswel, 2016) 07 Sample Size 04 450 Based on Krejcie and Morgan (1970) + margin for unusable data 08 Data Analysis Regression Analysis (Smart PLS SEM) Descriptive Analysis (SPSS)
Systematic Literature Review Emerald, JSTOR, Google Scholar, Sage and Science Direct Online Databases Articles, Conference papers and empirical studies Business, Management and Social Sciences Strategic IT Investment talent sourcing and financial growth 2015-2019
Data Collection Tools A survey Questionnaire will be adapted through established variables and factors for the correlational design of the study. Based on existing but adapted scales Questionnaire will be used for data collection Data for Firm Performance, (People growth & financial growth) Use of secondary data for measuring mediating variable
Data Analysis Technique Statistical analysis techniques are used AMOS will be selected as the data analysis tool. • The selected tests for the present study are going to be CFA, EFA and SEM. • Data will also be tested for its goodness where reliability and normality will be evaluated.
