Association of HR Practices with Employee Performance

Running head: ASSOCIATION OF HR PRACTICES WITH EMPLOYEE PERFORMANCE
Analysing Association of HR Practices with Employee Performance
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1ASSOCIATION OF HR PRACTICES WITH EMPLOYEE PERFORMANCE
Executive Summary
The objective of the report is to analyse the association of human resource (HR) practices with
employee performance though comparing the HR practices followed in two selected
organizations like Westpac Bank and NAB Bank in Australia. The report revealed that the
factors related with HRM practices can have a significant impact on the employee performance
of the organisations, which is evidenced by certain existing theories and models on employee
performance. As the banking institution believes in attracting, training and motivating all the
employees, it has encouraged the workforce to contribute to positive annual performance of the
NAB. Moreover, implementing effective talent management HR practices ate also
recommended to Westpac in dealing with issues related with its high employee turnover rate and
poor performance of employees in attaining organisational goals.

2ASSOCIATION OF HR PRACTICES WITH EMPLOYEE PERFORMANCE
Table of Contents
Introduction......................................................................................................................................3
Part A...............................................................................................................................................3
Theories and Models on Employee Performance........................................................................3
Impact of HR Practices on Employee Performance....................................................................6
Factors of HR Practices Impacting Employee Performance.......................................................7
Part B...............................................................................................................................................7
Level of Employee Performance in Each Organisations.............................................................7
HR Practices Used by Organizations...........................................................................................9
Comparison of HR Practices that Each Organization Uses.......................................................10
Analysing Effects of HR Practices on Employee Performance in Each Organization..............12
Part C.............................................................................................................................................13
Recommendations for Dealing with Poor Employee Performance...........................................13
Conclusion.....................................................................................................................................14
References......................................................................................................................................15

3ASSOCIATION OF HR PRACTICES WITH EMPLOYEE PERFORMANCE
Introduction
Human resource practices have a significant role in enhancing employee performance for
ensuring successful attainment of organizational goals. Westpac Banking Corporation is an
established Australian financial service provider that offers a wide range of consumer, business
and banking and wealth management services. NAB (National Australia Bank) is positioned as
an established business bank in Australia that offers personal and business banking services
(Nab.com.au. 2019). The objective of the report is to analyse the association of human resource
(HR) practices with employee performance though comparing the HR practices followed in two
selected organizations like Westpac Bank and NAB Bank in Australia.
Part A
Theories and Models on Employee Performance
The factors related with HRM practices can have a significant impact on the employee
performance of the organisations, which is evidenced by certain existing theories and models on
employee performance. Considering the same, Campbells Determinants of Job Performance
Model and Maslow Hierarchy of Needs Theory has been explained with reference to case
organisations like Westpac Bank and NAB Bank in Australia (Albrech et al. 2015).
Campbell’s Determinants of Job Performance Model
The job performance determinants based on the model is analysed for Westpac and NAB
Australia for comparing the ways in which various job determinants impacts employee
performance in both the organisations.