PERSONNEL PRACTICES IN BANKING SECTOR: A CASE STUDY OF CENTRAL BANK OF INDIA
PERSONNEL PRACTICES IN BANKING SECTOR: A CASE STUDY OF CENTRAL BANK OF INDIA
Personnel management attempts at getting the willing co-operation of the people for the attainment of the desired goals, for work cannot be effectively performed in isolation without the promotion and development of an esprit de corps. Taking the above characteristics into consideration, it may be observed that personnel management is an approach; a point of view; a new technique of thinking and a philosophy of management, which is concerned not only with managing people, but also with solving the human problems of an organisation intelligently and equitably, and in a manner which ensures that employees’ potential is properly developed, that maximum satisfaction is derived by them from their work, that the objectives of the organisation are achieved and that good human relations are maintained within the organisation. Personnel management can be of full value to an organisation only when it is consistently thought out and applied at all levels and to all management functions; in corporate policies, in the systems, procedures and in employment practices, etc. This integrative aspect of personnel management is, therefore, of vital importance. With economic growth and banks expansion, there has been quantitative as well as qualitative change in the work force mainly these banks great expectations have been raised of the banking industry and its personnel in its role as an active participant in the development process hence great responsibility lies on the shoulders of the personnel department. In recent years since the value of personnel management has increased, the staff and personnel functions are seen as an area of specialization and separate department dealing with these matter are required to manage people as other department manage other aspects of the business; Accordingly all personnel matters in the Central Bank of India are either handled or co-ordinated by staff and personnel department