A Study on Current Human Resource practices a...

A Study on Current Human Resource practices and Policies Adopted by Commercial Banks in India

Author Name : Dr. K. Sunitha

DOI: https://doi.org/10.56025/IJARESM.2022.10112249

ABSTRACT

Banks face challenges such as customer satisfaction and human resource management in today's highly volatile business environment. The effective use of human resources and the adoption of proper Human Resource practices and policies within the organization are critical to the success of a bank. Using secondary data, the current study seeks to comprehend the current Human Resource practices and policies adopted by Indian commercial banks, both private and public. According to the findings of the study, Indian commercial banks are rushing to implement talent ideas, but the majority of them are confronted with challenges such as new technology adoption, intellectual capital formation, the emergence of new prudential norms, and benchmarking. Human resource management policies in banks have been shown to be critical for employee motivation and retention. Good recruitment and relationship processes, good compensation policies, good training and development policies, career development plans, talent management programmes, and performance management are the most common Human Resource Management practices used by its banks. Banks have emerged as labor-intensive, knowledge-intensive industries. Human resource management has always been a valuable resource in today's organizations. This is because human resource policies have a direct impact on whether or not customers' needs are met in areas such as recruitment, training and development, and performance.

Keywords: Human Resources, Human Resource Management, Practices, Policies, Commercial Banks