Employment and Changing Human Resource Practices in Indian Banking Sector

Nitu Jaiswal

Volume : VI, Issue : VII, July - 2016

Employment and Changing Human Resource Practices in Indian Banking Sector

Nitu Jaiswal

Abstract :

 The paper examines the change in the Indian banking sector employment in the context of structural change in its composition, trend and status of employment since the reform period. Reforms measures that give more emphasis on efficiency and productivity growth leads banks to adopt technology and functional flexibility by providing more autonomy to banks, transformed HR practices in banks from a highly regulated formal employment to more contractual employment. The sector shows a declining trend in its overall employment despite the huge growth in its business and extension of service. The structural change in composition shows a shift away from traditional dominated clerical staff towards more officer ranked employees. The status of employment is also altering from regular employment to contractual employment in the banking sector. The study explores that growing outsourcing of jobs deteriorates "quality of job" in the sector by exposing it to "bad" characteristics of job.