Cambodian banking sector experience of strategic human resources partnerships with business

Abstract

Empirical studies carried out in the field of strategic human resource management suggest that HR strategic partnerships bring positive impacts to business resulting in an improvement in organisational excellence. A survey of the banking industry in Cambodia was carried out using qualitative and quantitative approaches to determine whether or not the current HR strategic partnerships in the business are effective, and, what is the extent of the effectiveness of the partnerships on the organisational performance. The findings of the study revealed that effective HR strategic partnering affects organisational performance positively and that HR strategic partners play an increasingly important role in helping the firm to achieve its business objectives. However current HR leaders could only achieve a moderate extent of HR effectiveness, leaving several areas for improvement which are outlined in the paper.