What would be the human resource issues challenging the banking sector, especially in this fast changing environment?
Human resource issues challenging the banking sector include recruitment, compensation, evaluation and management (of performance), promotions, managing relations and planning. It is not bricks or mortar or even fancy interior decoration that makes an institution. But it is the quality of persons who work for it. This is why, it is necessary for the long-term objective of the individual and the institution to be in harmony, to be insync for sustained growth of both the individual and the institution. Clearly the issue of human resources management (HRM) has immense contextual significance because of the overarching context of the rapid growth of the Indian economy and the emergence of the banking and financial services sector as a key growth driver. While different organisations can adopt varying HR practices, a basic requirement is the pursuit of what has sometimes been called as the “Glocalisation” strategy, i.e., pursuing global benchmarks without ever being oblivious of local reali
