human resource practices and its implementation in banks ... · implementation of human resource...

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International Journal Of Marketing, Financial Services & Management Research ____________________ ISSN 2277-3622 Vol.4 (9), SEPTEMBER (2015), pp. 19-27 Online available at indianresearchjournals.com HUMAN RESOURCE PRACTICES AND ITS IMPLEMENTATION IN BANKS: CHALLENGES - A STUDY 1 RAJENDRA PRASAD G R, RESEARCH SCHOLAR, INSTITUTE OF MANAGEMENT STUDIES, KUVEMPU UNIVERSITY, JNANA SAHYADRI, SHANKARAGHATTA, SHIMOGA 577451. 2 DR. MANJUNATH, K. R ASSISTANT PROFESSOR, INSTITUTE OF MANAGEMENT STUDIES, KUVEMPU UNIVERSITY, JNANA SAHYADRI, SHANKARAGHATTA, SHIMOGA 577451. ABSTRACTS Implementing an effective human resource practices that is well-suited with organizational policy has critical for the performance and accomplishment of an organization in the competitive business field. The main reason of the study were to establish the extent of implementation of human resource practices in banks in India; and to determine the factors that influence implementation of human resource management practices by banks. Efficient human resource practices are the most essential requirements for survival in this competitive world. In this paper, an attempt has been made to develop human resource conceptual model for enhance employee skills, knowledge, abilities and managerial skills. This study reveals that the development of human resource is necessary for its efficient and effective working in banks. In an evolutionary process when developing economy struggles to attain higher levels of living it can hardly over look the need of developing its human resources to meet the bigger and new challenges of raising the quality of human resource sufficient. The concept of HR practices deals with training and development, performance appraisal, motivation and reward system for improvement of employee working quality in banks. An HR practice has become an important programme of all organizations not only for enhancing the efficiency/ productivity has also to bring about qualitative improvement among the employees at different levels in banks. All this is possible with the help of efficient human resource management. However, the challenges faced in the HR front are numerous and need to be handled diligently. The present paper attempts to identify few HR challenges in the Indian Banking Context and suggests all this is possible with the help of efficient human resource practices. However, the challenges faced in the HR front are numerous and need to be handled attentively. The present paper attempts to identify few HR practices, implementation, and challenges in the Indian Banking framework and suggest them to handle effectively in banks. KEYWORDS: HR practices, Challenges, HRP, Training and Development, Performance appraisal, compensation.

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Page 1: HUMAN RESOURCE PRACTICES AND ITS IMPLEMENTATION IN BANKS ... · implementation of human resource management practices by banks. ... A Study of HRM Practices and its Impact on

International Journal Of Marketing, Financial Services & Management Research ____________________ ISSN 2277-3622 Vol.4 (9), SEPTEMBER (2015), pp. 19-27 Online available at indianresearchjournals.com

HUMAN RESOURCE PRACTICES AND ITS IMPLEMENTATION IN

BANKS: CHALLENGES - A STUDY

1RAJENDRA PRASAD G R,

RESEARCH SCHOLAR,

INSTITUTE OF MANAGEMENT STUDIES,

KUVEMPU UNIVERSITY,

JNANA SAHYADRI, SHANKARAGHATTA, SHIMOGA – 577451.

2DR. MANJUNATH, K. R

ASSISTANT PROFESSOR,

INSTITUTE OF MANAGEMENT STUDIES,

KUVEMPU UNIVERSITY,

JNANA SAHYADRI, SHANKARAGHATTA, SHIMOGA – 577451.

ABSTRACTS

Implementing an effective human resource practices that is well-suited with organizational

policy has critical for the performance and accomplishment of an organization in the competitive

business field. The main reason of the study were to establish the extent of implementation of

human resource practices in banks in India; and to determine the factors that influence

implementation of human resource management practices by banks.

Efficient human resource practices are the most essential requirements for survival in this

competitive world. In this paper, an attempt has been made to develop human resource

conceptual model for enhance employee skills, knowledge, abilities and managerial skills. This

study reveals that the development of human resource is necessary for its efficient and effective

working in banks. In an evolutionary process when developing economy struggles to attain

higher levels of living it can hardly over look the need of developing its human resources to meet

the bigger and new challenges of raising the quality of human resource sufficient. The concept of

HR practices deals with training and development, performance appraisal, motivation and reward

system for improvement of employee working quality in banks. An HR practice has become an

important programme of all organizations not only for enhancing the efficiency/ productivity has

also to bring about qualitative improvement among the employees at different levels in banks.

All this is possible with the help of efficient human resource management. However, the

challenges faced in the HR front are numerous and need to be handled diligently. The present

paper attempts to identify few HR challenges in the Indian Banking Context and suggests all this

is possible with the help of efficient human resource practices. However, the challenges faced in

the HR front are numerous and need to be handled attentively. The present paper attempts to

identify few HR practices, implementation, and challenges in the Indian Banking framework and

suggest them to handle effectively in banks.

KEYWORDS: HR practices, Challenges, HRP, Training and Development, Performance

appraisal, compensation.

Page 2: HUMAN RESOURCE PRACTICES AND ITS IMPLEMENTATION IN BANKS ... · implementation of human resource management practices by banks. ... A Study of HRM Practices and its Impact on

International Journal Of Marketing, Financial Services & Management Research ____________________ ISSN 2277-3622 Vol.4 (9), SEPTEMBER (2015), pp. 19-27 Online available at indianresearchjournals.com

References:

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“Impact of HR Practices on Employee Satisfaction and Employee Loyalty: An Empirical

Study of Government Owned Public Sector Banks of Pakistan” Middle-East Journal of

Scientific Research ,ISSN 1990-9233, © IDOSI Publications, 2013, DOI:

10.5829/idosi.mejsr.2013.16.01.11638

2. Shilpi Singh (2013), “FACE OF HR PRACTICES IN TODAYS SCENARIO IN INDIAN

BANKS”, International Journal of Application or Innovation in Engineering & Management

(IJAIEM), ISSN 2319 – 4847, Volume 2, Issue 1, January 2013

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Employees job Satisfaction in Private Sector Banks: A Case Study of HDFC Bank,

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(2011), “The Adoption of Strategic Human Resource Management Practices in ommercial

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BANKS”, International Journal of Application or Innovation in Engineering & Management

(IJAIEM), ISSN 2319 – 4847, Volume 2, Issue 1, January 2013

9. http://kalyan-city.blogspot.com/2011/04/human-resource-planning-hrp-manpower.html

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Sector Banks”, International Journal of Management and Social Sciences Research

(IJMSSR) ISSN: 2319-4421 Volume 3, No. 1, January 2014.

Page 3: HUMAN RESOURCE PRACTICES AND ITS IMPLEMENTATION IN BANKS ... · implementation of human resource management practices by banks. ... A Study of HRM Practices and its Impact on

International Journal Of Marketing, Financial Services & Management Research ____________________ ISSN 2277-3622 Vol.4 (9), SEPTEMBER (2015), pp. 19-27 Online available at indianresearchjournals.com

11. http://www.managementstudyguide.com/performance-appraisal.htm

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TOWARDS COMPENSATION MANAGEMENT SYSTEM IN SELECTED BRANCHES

OF SBI OF UJJAIN DISTRICT”, Voice of Research, Vol. 2 Issue 1, June 2013, ISSN No.

2277-7733