Review Article, ISSN 2304-2613 (Print); ISSN 2305-8730 (Online) Copyright © CC-BY-NC 2014, Asian Business Consortium | ABR Page 141 Human Resource Management (HRM) Practices of the Banking Sector inBangladesh: A Study on Private Commercial Bank Mohitul Ameen Ahmed Mustafi 1* , Tanzia Rahman 2 , Nusrat Jahan 3 1,3 Senior Lecturer, School of Business, Uttara University, Uttara, Dhaka-1230, BANGLADESH 2 Lecturer, School of Business, Uttara University, Uttara Dhaka-1230, BANGLADESH * E-mail for correspondence: mustafi559@gmail.com Received: Sept 20, 2016 Published: Oct 27, 2016 DOI: https://doi.org/10.18034/abr.v6i3.39 ABSTRACT The purpose of this study is to find out HRM practices on the private commercial banking sector in Bangladesh. The researches want to examine the human resources management practices in the field of banking sector. It evaluates and compares existing human resources management activities of the employee like; job analysis, human resource planning, talent acquisition, training &development, performance appraisal, compensation, and the industrial relation of nine selective commercial banks. For conducting this research, 100 bank employees are randomly selected from the seven different banks. And out of this 91 employees responses properly; the response rate is 91 percent. The questionnaire consists of individual questions on seven HRM dimensions. The questionnaires were developed by considering five point Liker scale. The collected data were analyzed by applying both descriptive and inferential statistical techniques such as factor analysis and structural equation model (SEM). The SEM results indicated that job analysis, human resource planning, training & development, compensation, and industrial relation significantly and positively associated with overall human resource practices in private commercial banking sectors in Bangladesh. JEL Classifications: M10; M12; M19 Keywords: Human Resource Management, Private Commercial Bank, SEM INTRODUCTION Human resources are considered the most valuable assets of an organization, but very few organizations are able to utilize this valuable asset. Human resources play a dual role in an organization as operate as factor of production and others operative element. Organization like Banks, and other firms, needs to nurture their human resources in an efficient manner so that profit can be ensured. Banking industries are going through a series of rapid changes because of technological development. Technological advancement has changed the nature of banks demand for employee to better perform their jobs. In an organization People treated as asset when they are equipped with adequate knowledge, skills and competencies (Roknuzzaman, 2007). Human resource management (HRM) is the process which consist of Human resource planning, job analysis, recruitment, selection, orientation, compensation, performance appraisal, training and development, and labor relations (Dessler, 2007). HRM is composed of the policies, practices, and systems that influence employees’ behavior, attitude, and performance (Noe, Hollenbeck, Gerhart, and Wright, 2007).This research conducted to find out the implementation of HR practices among private, public and foreign banks. LITERATURE REVIEW In the age of knowledge economy, the most significant resource of the organizations is human resource. Human resource has become requisite for success of any organization (Moyeen and Huq 2001; Schuler 1990; Werther and Davis 1996). There is no doubt that an organization enriched with devoted, motivated, talented, and competent human resource can achieve any kind of challenging goals. HRM practitioner