THE EFFECT OF HUMAN RESOURCE MANAGEMENT PRACTICES ON JOB SATISFACTION IN SMID BANK

The main objectives of this study are to explore the HRM practices of SMID Bank and to analyze the effect of HRM practices on job satisfaction in SMID Bank. In order to meet the objectives, descriptive and analytical methods are used in this study. Primary data are collected by using structured questionnaires and interviewing to responsible person of SMID Bank and also collected from selected 120 employees (30% of total 460 employees) of Yangon Branches. Secondary data was obtained from related text books, previous research papers and academic journals from internet websites. In this study, HRM practices consist of recruitment and selection, training and development, performance appraisal, compensation and benefits, rewards and recognitions, supervision and promotion. In this study dependent variable is job satisfaction and independent variable is HRM practice. This study found that among of HRM practices, recruitment and selection, compensation and benefits, reward and recognition and promotion have significant effect on job satisfaction. It concluded that the employees are neither satisfied nor dissatisfied with the HRM practices of this organization. Therefore, the bank should focus more on improving its compensation and benefits scheme, as well as its promotion practices in order to improve the job satisfaction of employees