Innovative Human Resource Practices in Banking and Financial Sector for Ideal Working

Abstract

In the era of globalization, the sustainability of each and every commercial organization has become a challenge and hence banking industry is also facing the same problem. This research paper is elaborated on various innovative Human Resource Practices in Banking&Financial Sector for ideal working. Earlier days, since independence banking sector has seen various reforms, but unless and until some yardsticks are not there, their existence will be a problem. This is exploratory type of research which explores about various HR Practices in general banking industries. There is no separation between them as Co-operative Banks, Reserve Bank and Public Sector Undertaking Banks. The reason behind is that, all banks are functioning as per the guidelines and framework of Reserve Bank of India. There is need for multitasking and multi-skilled employees in banking sector. On account of giving better services banks are a-breasting newer technology such as e-banking, networking banking, ATM's etc. Though software's are available still we find that customers needs and expectation from banking industry are not been fulfilled, the result is employees of banks are always complaining that they are working under stressful conditions and finding difficult to cope with the work, therefore there is a great scope for training these peoples for controlling these emotions, restructuring of these feelings and change the attitude to the positively.