Emerging Issues and Challenges for HRM in Public Sectors Banks of India

AbstractThe Indian economy is one of the fastest growing economies in the world irrespective of non conducive economics headwinds blowing globally. Indian Financial sector has undergone a rapid transformation since its inception. The competitive and deregulatory forces have brought about a perceptible shift in the customer's expectation. HR poses the biggest challenge to the public sector banks in country India. Changes in technology, customer preferences, regulatory framework etc causes the need of radical shift in the HRM. This study is focused on the issue of major challenges faced by HR manager in Public Sectors Banks in India to cope with the environmental changes for competitiveness. Based on the qualitative study of various functional mangers and secondary data this study highlights the various HRM issues encountered by public sector banks of India. Present study has number of implications for HR managers, policy makers and HR professionals