HRD as a concept demands a specific and congenial climate to take root. It enriches the work life in banks and aims to link productivity with a sense of personal fulfillment. HRD involves all management decisions and practices that direct, affect, or influence the Human Resources in the banks. In recent years, increased attention comes from the realization that the bank employees enable the banks to achieve its goals and the management and development of these resources is critical to a bank’s success.
HRD is useful to both bank and its employees:
- It enables a bank to build managerial resources of quality and leadership.
- It inculcates an effective culture of teamwork.
- It creates value systems, which are conducive to growth.
- It motivates employees to provide prompt and innovative services to customers.
- It creates a sense of belonging among the staff.
- It will help a bank to develop and utilize the potential of the workforce so as to achieve its goals.
- It will help to develop and maintain the quality of work life in the bank/branch.
- It will improve the behavioural patterns of the staff and their commitment to the bank.
HRD can offer the following benefits to employees:
- To sharpen existing skills.
- To acquire new skills.
- To discover and exploit their potential.
- To improve overall personality and career prospects.
- To perform existing and future roles effectively.
- To provide job satisfaction and self-actualization.
Thus, HRD helps to make a bank and its staff more effective and strong.
For citing this article use:
- Apparao, D. C. (2015). A study on human resource development practices in indian banking sector.
