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Innovative HRM Practices: A Comparison of Public and Private Sector Banks of India

MANTHAN: Journal of Commerce and Management

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Title Innovative HRM Practices: A Comparison of Public and Private Sector Banks of India
 
Creator Kour, Harjeet; Independent Research Trainer, Pune
Gakhar, Kamlesh; Professor, Institute of Management Studies and Research, MDU, Rohtak
 
Subject Public sector banks, Private sector banks, Innovative HRM practices.
 
Description Due to globalisation, public sector banks are facing tough competition from the private sector banks, both domestic and foreign. To improve their efficiency and to excel in performance, they have realised the significance of innovative HRM practices, which were earlier being used largely by private sector banks. The present study is based on primary data collected from four hundred two employees of eight banks of India comprising of four banks each from the public and private sector. We examine if there is any statistically significant difference between public and private sector banks in the implementation of forty nine innovative HRM practices. These practices fall under seven different heads: recruitment and selection, training and development, performance management, compensation management, career development, employee motivation and employee security. The results of the t-tests indicate that in the area of innovative HRM, organisational policies and practices in the public and private sectors remain different in many important respects. It has been found that the private sector banks are far ahead of the public sector banks regarding the implementation of these practices. Further, it has been found with the help of different statistical tools that the level of implementation of these innovations in the eight surveyed banks also varies when examined individually.
 
Publisher Journal Press India
 
Date 2015-11-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/MANTHAN/article/view/5664
10.17492/manthan.v2i1.6432
 
Source MANTHAN: Journal of Commerce and Management; Vol 2, No 1 (2015)
2347-4440
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/MANTHAN/article/view/5664/5197