The success for any organization in its competitive business arena depends upon an effective human resource system that is lien with its organizational strategy. In today's world banks play an important role in the social economy. The banking industry falls under the service domain where efficient risk management cannot be possible without efficient and skilled manpower. The banking sector will be termed as "People Business". The two key challenges facing banks are management of people and management of risk to determine success in the banking business. "Soft skill" is the call for today in the banking sector more than operational skills which is needed to fulfill the requirement of the customers at the counter. A combination of new technologies, diversification of products, quicker credit and risk appraisal, managing treasury and human resource at the priority would take the bank industry to the heights of international excellence. In the Gulf region, UAE is considered as a fast developing country with a strong interest for the best management practices to improve overall performance. This study targeted banks which were listed with two different markets Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). In the present study researched adopted judgment sampling approach and identified a total of 18 banks for whom selective historical financial data was available.From the results of the study it is evident that there is a direct impact of leadership style on performance of the organization. Since leadership style is one of the facets of organizational HR practices, by extension the researcher concludes that leadership style is related to the level of financial performance of an organization.
Human Resources are important assets of an organization. However, there is no legal regulation for accounting human resources in any of the organization's annual report. The main aim of this review is to study the benefits of HR practices to the firm. This review highlights the theoretical definitions for HRA and challenges faced during implementation of HRA measurement models to predict the organization's performance. The Human Resource Accounting is defined as "the process of identifying and measuring data related to human resource and communicating this information to interested parties" (American Accounting Association's Committee on Human Resource Accounting 1973). However, several challenges are faced by organizations during the execution of HRA. Since disclosures on human assets act as an evidence for wealth creation, it is resisted by several entrepreneurs. Human Resource Accounting helps to calculate the human resource capital, worth of management development, and enhances the value of management accounting.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.