HRMT20024: Reviewing the Literature - Assessment 2, T2 2019

This document is a literature review report for the HRMT20024 Human Resource Management course. It analyzes four peer-reviewed journal articles focusing on various aspects of human resource management within the finance sector, particularly in the Australian context. The review covers topics such as employee retention, gender discrimination, motivational factors, work-life balance, and psychosocial safety climate. Each article is summarized, including its objectives, research questions, methods, findings, discussions, and conclusions. Furthermore, the report outlines how each article contributes to a related essay assignment, demonstrating the interconnectedness of the research. The analysis highlights challenges faced by financial institutions, such as retaining female employees due to stereotyping and salary dissatisfaction, and explores strategies for improving employee motivation, commitment, and overall well-being. The review emphasizes the importance of work-life balance, psychological safety, and organizational commitment in fostering a positive work environment and increasing productivity.

Running head: HUMAN RESOURCE MANAGEMENT
Human Resource Management
Name of the Student
Name of the University
Author note

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Annotated Bibliography- Reviewing Literature
Article 1
Full reference of the article: Von Hippel, C., Sekaquaptewa, D., & McFarlane, M.
(2015). Stereotype threat among women in finance: Negative effects on identity, workplace
well-being, and recruiting. Psychology of Women Quarterly, 39(3), 405-414.
Objective and research question
The main objective of the research paper is to analyze the different challenges faced
by the finance organizations in retaining the women employees in Australian economy. Due
to the stereotyping threat among the women in management or accounting has led to negative
job attitudes along with intentions to quit jobs.
From the article, the research questions which has been generated is analysis of the
attitude of the management of the financial institutions in Australia towards the women
employees who distinguishes between the work done by women and men and due to this, the
retention becomes a huge challenge.
Method
With the help of the correlation and regression analysis, the different viewpoints of
the women and men employees have been considered to understand their viewpoints
regarding the challenges faced by the banks and other financial institutions in Australia for
retention of women employees. Through the interview technique, the viewpoints have been
generated and it helped in calculating the correlation.
Findings and discussion
From the respective article, it can be identified that there are different reasons due to
which the different employees in the financial institutions in the Australian economy leave

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the jobs. As commented by Von Hippel, Sekaquaptewa and McFarlane (2015), there are
different stereotyping threat against the different employees which affected the morale of
employees who are women and due to the similar reason, they quit the jobs in the financial
sectors. Moreover, as stated by Von Hippel, Sekaquaptewa and McFarlane (2015), the
different women employees are in the minority zone like in the financing and banking and
because of the respective reason, they are being negatively stereotyped in the workplace.
From the different research surveys and interviews which were being conducted, it can be
seen that there are 512 women who are working in finance completed the survey related to
the work environment in which they perform the different tasks.
From the analysis of the results, it has been seen that the women employees are being
threatened and their work are not provided with any such support which affects their
motivation for performing the different tasks in the organization. Moreover, as opined by the
authors, the well-being of the women employees is the main cause which affects their growth
prospects and due to the same, there is salary related dissatisfaction. Every employee working
in the different companies have high expectations for the salary which is received by them
and due to the same, the women employees quit their jobs in the financial sectors and it
affects their prospects related to growth and affects their morale in performing the tasks in a
suitable manner.
Conclusion
From the analysis of the article, it can be concluded that due to the discrimination
related factors, there are different issues related to job satisfaction and well-being of the
female employees in the Australian financial sector. Due to the same, it affects their morale
and the job satisfaction is negative.
How this article will contribute to my Essay 3

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The respective article discusses the different negative impacts of the gender
discrimination on the well-being and retention of the female employees in the finance sector.
There are various issues and loopholes such as salary dissatisfaction which negatively
impacts the company’s growth and overall job prospects of the women employees as well.
Article 2
Full reference of the article- Nagabhaskar, M. (2014). Motivational factors of
employee retention and engagement in organizations. International Journal of Development
Research, 4(2), 221-224.
Objective and research question
The main objective of the article is to identify the different aspects which gives rise to
the challenges related to retention and the analysis of the strategies which will be suitable for
retaining the different employees.
The research question in the respective article is to identify the motivational factors
which will be suitable for the growth of the company and attract more employees in
Australian finance sector.
Method
The methodology which have been used in the respective article is relating to the
interviewing of the different employees working within the respective sector to analyze the
views and analyzing the mean, median, mode along with standard deviation which will be
suitable for managing rate of retention of the employees.
Findings and discussion
In the finance and other banking institutions, it has been noticed that there are
different kinds of issues related to retention of the employees negatively. In Australian

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finance sectors, it can be identified that there is high level of job dissatisfaction and it is the
major reason for the quitting of the job. Retention becomes one of the major issues when the
employees quotes for the exceptionally high salary and it is out of the budget of the
organizations. As commented by Nagabhaskar (2014), the different kinds of motivational
factors that can be essential for the retention of the employees suitably and it will be suitable
for the growth of the company in contrast to the various organizations which are existing in
market. In various scenarios, the employees do not feel like working as they are demotivated
and there are no such recreational activities arranged for them.
As commented by Nagabhaskar (2014), the retention is process of physically keeping
the different employees in the company which is the key fundamentals which are necessary
for the success of the company. There can be inclusion of the work life flexibility to the
different employees that will be suitable for the employees to approach to the different tasks
and it will be appropriate for them in gaining competitiveness. In the finance sector in
Australian companies, it can be identified that there is no such personal development which
affects the motivation and it leads to challenge in retention of the employees working in the
companies and it affects majorly the growth and profitability of the companies.
Conclusion
Therefore, it can be concluded that the motivational factors play a crucial role in the
managing the growth of the company which will be suitable for the generating the employee
effectiveness. In the financial services of the Australian economy, it can be seen that
employees do not feel such motivation which leads to the ineffective growth in the
competitive business environment.
How this article will contribute to my Essay 3?

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The respective article will be suitable for understanding the various motivational
factors that can be incorporated by the finance sectors in the Australian economy for
understanding their grievances and solve them appropriately which will be suitable for
retaining employees that will be suitable for growth of the finance related companies.
Article 3
Full reference of the article- Sethi, U. J. (2014). Influence of work life balance on
organizational commitment: a comparative study of women employees working in public and
private sector Banks. European Journal of Business and Management, 6(34), 215-219.
Objective and research question
The main objective of the article is to understand the different kinds of techniques
such as work-life balance on the commitment of the companies in public and private sector
banks in the Australian economy.
The research question which can be generated from the article is related to
understanding of the techniques which will be suitable for making the employees feel
productive and it will in return improve the productivity of the employees.
Method
The methodology which has been applied in the respective article is related to SPSS
through which the correlation and regression have been calculated and it has been suitable for
enhancing the growth of the company and it has been done through the help of the
questionnaire. The results have been generated that has enhanced the understanding of the
employees in Australian finance sector for encouraging them which will reduce the r ate of
attrition.
Findings and discussion

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In the respective article, the comparative study has been conducted within the private
and public sector banks in the Australian economy. As commented by the authors, it can be
seen that organizational commitment is psychological aspect of the different employees
towards the companies in which they are employed. Work-life balance is the key element
which should be provided to the different employees as it enhances the growth of the tasks
which are being performed by them and it will create huge impact on the growth of
employees in a suitable manner. In the different private sector banks in Australia, it has been
noticed that there is no such work life balance provided to the employees which affects
morale negatively and due to the similar reason, the employee’s attrition rate increases and
there is problem in retaining the employees.
In such scenario, as discussed in the article, there can be introduction and
incorporation of the different kinds of work-life balance related programs such as providing
the good and healthy workplace environment which will be beneficial for the success of the
company and create a huge positive impact on the workplace. As commented by Sethi
(2014), the work environment should be healthy and good that will create beautiful place for
the employees to work in a patient manner and generate huge productivity. Moreover, there
should be incorporation of the career development as it will be enhancing the growth
prospects of the company and improve the well-being of employees and it will be generating
the career flexibility.
Conclusion
Therefore, it can be concluded that there are various motivational factors which
should be incorporated by the financial sector companies in Australian economy which will
be suitable for the enhancement of the growth-related opportunities and it will be suitable for

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the success of the company and it will create a proper balance between the work-life and it
will be suitable for the enhancing productivity.
How this article will contribute to my Essay 3?
The respective article will help in showcasing the various motivational factors that are
suitable for the growth of the company in a positive manner and it will be beneficial for the
success of the company in a positive manner that will lead to the increase in morale of
employees appropriately.
Article 4
Full reference of the article- Garrick, A., Mak, A. S., Cathcart, S., Winwood, P. C.,
Bakker, A. B., & Lushington, K. (2014). Psychosocial safety climate moderating the effects of
daily job demands and recovery on fatigue and work engagement. Journal of Occupational
and Organizational Psychology, 87(4), 694-714.
Objective and research question
The main objective of the research is to identify the different reasons which is
affecting the retention of the employees in the finance sector in the Australian society. There
are inclusion of different kinds of fatigue and negative work life imbalance that affects the
morale of employees working in finance sector.
The research question is related to the identification of the different kinds of positive
psychological factors which will be suitable for the growth of the employees in the finance
related sector in Australia.
Method
The methodology which have been applied in the respective article is related with the
introduction of the questionnaires which were distributed to the different employees working

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in the financial sector as it helped them in understanding their issues faced in the respective
sector and suggest the different solutions which can be appropriate for improving the
prospects.
Findings and discussion
From the respective article, it can be seen that in the financial sector in the Australian
sector, there is huge level of employee attrition which affects the growth of the companies
negatively. As commented by the authors, it can be analyzed that there is no such
psychological well-being and safety of the employees that affects their morale and their
productivity decreases. In the banking institutions and the other private banking institutions,
it can be seen that there is fatigue as there is imbalance in the work life prospects which has
affected the overall effectiveness of the companies and it leads to the negative impact on the
profitability and revenue generation of the company.
Moreover, from the article, it can be seen that the psychological climate is the major
element which should be incorporated by the company which will be effective in buffer the
different workers from the negative psychological outcomes which are associated with the
job outcomes. The good quality recovery is the other element that can be incorporated by the
company as it will improve their growth prospects and it will be creating huge impact on the
effectiveness of the jobs which are performed by them. The Psychological Safety Climate is
the major element which should be incorporated by the companies in the Australian financial
sector which will be suitable for reducing the fatigue among the workers and it will create a
healthy positive working environment. There can be incorporation of the different fun related
games which will be allowing the different employees to enjoy the tasks which are performed
by them.
Conclusion

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Therefore, it can be concluded that the psychological safety climate is the major
element which should be incorporated by the financial service companies in Australian
economy which will be suitable for the growth prospects of the company and it will be
suitable for the success of the companies and it will be beneficial for employees to perform
well and there will be less challenges in retaining employees.
How this article will contribute
The respective article discusses regarding the different kinds of issues related to
psychological safety imbalance which can lead to problems in the retention of the employees
that can create huge impact on the growth of the company and it will create negative impact
on the employees which will reduce the level of dedication for performing the tasks.
Article 5
Full reference of the article- Venkatesh, J., & Lissy, T. A. (2014). A study on
relationship between employee engagement factors and organizational commitment in
private banking sector. International Journal of Business and Administration Research
Review, 2(5), 209-217.
Objective and research question
The main objective of the respective article is related to understanding of the different
reasons such as the salary dissatisfaction and the other aspects which leads to the
dissatisfaction among the employees and create a negative working environment.
On the other hand, the research question which has been analyzed in the article is
relating to the analysis of the relationship between the engagement of employee’s factors and
organizational commitment in the private banking sectors in Australia.
Method

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The methodology which has been used in the respective article is done through
conducting proper surveys for gaining the different viewpoints of the employees and it is
helpful for understanding the viewpoints of the different individuals in a positive manner.
Through preparing the questionnaire and distributing the same to the employees has been
proved to be helpful for analysis of the data through SPSS.
Findings and discussion
From the respective article, it can be seen that the employee engagement is directly
related to the positive organizational commitment due to which it enhances the different tasks
which are being performed by employees suitably. The engagement of the different
employees is the most important sphere of the Human Resource Management as the highly
motivated employees creates a huge impact on the overall growth of the company and it
enhances the effectiveness of the well-being of the employees suitably. In the different
private banks which are situated in Australia, it can be seen that there are different issues
related to the negative aspects related to the retention of employees which affects the
productivity of the company.
In such scenarios, there can be introduction of the different wellness programmes for
the employees as it will enhance the effectiveness for the employees to showcase their skills
and it will be suitable for the growth prospects of the company. Additionally, the
organizational commitment can be brought among the employees through the increase in
morale of the employees as it will be preventing the employees from leaving the jobs and it
will be suitable for the retention rates of the employees in a positive manner. As commented
by the authors, it can be seen that there should be incorporation of proper manager and
employee relationship as it will be beneficial for the recognition prospects and it will be

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generate better career related prospects and gain competitiveness in the different tasks which
are performed by them.
Conclusion
Therefore, it can be concluded that the employee engagement is the key element
which will be beneficial for the positive organizational commitment and it will be beneficial
for the retention of the employees who are working in the companies. There should be
incorporation of the recognition aspects which will be suitable for managing the employees
and it will enhance their effectiveness in performing the tasks.
How this article will contribute to my Essay 3?
From the respective article, it will create huge impact and contribution on the essay as
there will be introduction of the employee engagement programs which will be creating a
positive workplace which will be suitable for the employees along with improving the
opportunities for employees in the Australian finance sector.