Académique Documents
Professionnel Documents
Culture Documents
Conducted at
HONDA MOTORS
ON
TRAINING AND DEVELOPMENT
Submitted to
Submitted by:
SANJAY ARYA
5 Year M.B.A
5th semester
Roll no.
DECLARATION
I declare that the project report entitled “training and development” is an independent
research work carried out by me under the supervision and guidance of Mr. RAGHUVIR
SAINI.
This has not been previously submitted for the award of any other Diploma, Degree or
other similar Degree.
I am sincerely thankful to Mr. RAGHUVIR SAINI for his kind advice & cooperation.
Last but not least I would like to thank all the staff members of HONDA MOTORS
who made this training a rich experience and a success.
INDEX
CHAPTER-1 INTRODUCTION
1.1 JOB-SATISFACTION
A. Organizational Stressors
B. Group Stressors
C. Individual Stressors
D. Environmental Factors
A. Stress
B. Burn-out
JOB-SATISFACTION
BIBLIOGRAPHY
INTRODUCTION
“It is not the cash that fuels the journey to the future,
employee.”
The world of work is changing in myriads or ways and at a rapid and intense
speed. In turn it is impacting employment and employment relations in many ways ---
economic, social and emotional. In a world of `high-tech`, `high-touch` is the need.
1.1 JOB-SATISFACTION
of an individual, which results from his appraisal of the various dimensions of his
towards their work roles, which they are presently occupying. Positive
- E.A. Locke
2. “…. Job-satisfaction will be defined as the amount of overall positive effect (or
feelings) that individuals have towards their jobs.”
- Andrew J. Du Brin
jobs, job-satisfaction is concerned with their feelings and attitudes towards their jobs and
reflects their potential behaviour.
there are differences between the two. Attitude refers to predisposition to respond. Job-
satisfaction, on the other hand, relates to performance factors. Attitude reflect one’s feeling
towards individuals, organizations and objects. But satisfaction refers to one’s attitude to a
job. Job-satisfaction is, therefore, a specific sub set of attitudes.
even more quickly than it developed. Managers need to pay attention to job-satisfaction
constantly.
increased productivity. However the research into this aspect during last four decades does
not fully support this belief :
2. Second, there is more evidence to suggest that job performance leads to job-
satisfaction and not the other way round (Lawler and Porter, 1967). An employee
who performs well in his job gets both intrinsic and extrinsic rewards, which lead to
his satisfaction. A poor performer will feel worse about his incompetence and will
receive fewer rewards.
3. Third, there are some conditions under which high productivity more clearly leads
to high job-satisfaction. One such condition is the employees perception that
intrinsic and extrinsic rewards are contingent upon their productivity. The second
such condition is that the extrinsic rewards (pay, e.g.) be distributed equitably.
The old adage “a happy worker is a productive worker” is not always wrong and
holds some ground.
Compensation package.
Salary/wage structure.
Nature of work.
Promotion Criteria.
Advancement opportunities.
Recognition.
Ability utilization.
Authority/autonomy.
Creativity.
Involvement/participation level.
Challenging Jobs.
Sense of self-belonging.
Work-group.
Quality of supervision.
Working environment.
Caring.
Rewards
Fringe benefits.
Handling of grievances.
Treatment by supervisors.
MENTAL HEALTH
2.1 MENTAL HEALTH
Benjamin Disraeli once said,”The health of the people is really the foundation upon
which all their happiness and all their powers as a state depend.”
Health is a state or degree of bodily soundness. Often the term health is used to
describe a universally good condition. The health concept is broken down into two sub-
areas --- physical health and mental health. Good physical health exists when all
physiological, organic, and bodily features of a living organism are properly functioning
i.e. without pain, disease, or decay. Good mental health exists when a person or an
organization is well adapted, has an accurate perception of reality, and can reasonably and
successfully adjust to the stresses and frustrations of life. Occupational health encompasses
employee’s physical and mental health concerns, especially as related to on-the-job
behaviours and activities.
- Fred Luthens
Stress can manifest itself in both a positive and a negative way. Stress is said to be
positive when the situation offers an opportunity for one to gain something. It is negative
when stress is associated with heart-disease, alcoholism, drug abuse, marital breakdowns,
absenteeism, child abuse, and a host of other social, physical, organizational, and emotional
problems.
Stress is associated with constraints and demands. The former prevents an
individual from doing what he or she desires. The latter refers to the loss of something
desired.
Constraints and demands can lead to potential stress. When they are coupled with
uncertainty of the outcome and importance of the outcome, potential stress becomes actual
stress. Stress is high when there is uncertainty of outcome and outcome is significant.
A. Organizational Stressors
Task demands are factors related to a person’s job. They include the design of the
individual’s job, working conditions, and the physical work layout. Security and overload
are the other two task demands that can cause stress.
Role demands include role conflict, role ambiguity, role erosion, and role overload.
B. Group Stressors
Sexual harassment.
C. Individual Stressors
Among Individuals factors contributing to stress are personality, life and career
changes and life trauma.
D. Environmental Factors
A. Stress
Fatigue
Anxiousness/anxiety
Dissatisfaction
Mood swings
Sense of guilt
Less concentration
Diabetes
Depression
Irritation
Lowered self-esteem
Reduction in job-satisfaction
Use of drugs
Use of alcohol
Absenteeism
Indecisiveness
Accident prone
Poor Judgement
Negative thoughts/attitude
Marital Problem
B. Burn-out
Chronic exhaustion
Boredom
Impatience
Irritability
Non-communicativeness
Mental depression
Forgetfulness
Reduced tolerance
Increased suspiciousness
Reduction in efficiency
Dampened Initiative
Sleeplessness
Weight loss
Exhaustion
Fatigue
Stress
The person undergoes physiological changes such as increased blood pressure and
heart beat.
Burn-out
SYMPTOMS OF BURN-OUT
Physical Condition Behavioural Changes Work Performances
in working.
Gastrointestinal Increased suspiciousness Reduced capacity to
disturbances perform effectively
under stress.
Greater willingness to
Exhaustion and fatigue Increased rigidity of
take risks.
thought (closed
thinking, inflexible).
Attempts at self
medication (use of
alcohol and
tranquilisers.)
COMPANY PROFILE
Company Name
Honda Motor Co., Ltd.
Head Office
1-1, 2-chome, Minami-Aoyama, Minato-ku, Tokyo 107-8556, Japan
Tel: +81-(0)3-3423-1111
Established
September 24, 1948
Capital
¥86 billion (as of March 31, 2009)
Consolidated subsidiaries
396 subsidiaries (as of March 31, 2009)
Chief Products
Motorcycles, automobiles, power products
CORPORATE PROFILE
Honda Motor Co., Ltd. operates under the basic principles of "Respect for the Individual" and "The
Three Joys" — commonly expressed as The Joy of Buying, The Joy of Selling and The Joy of Creating.
"Respect for the Individual" reflects our desire to respect the unique character and ability of each
individual person, trusting each other as equal partners in order to do our best in every situation. Based
on this, "The Three Joys" expresses our belief and desire that each person working in, or coming into
contact with our company, directly or through or products, should share a sense of joy through that
experience.
In line with these basic principles, since its establishment in 1948, Honda has remained on the leading
edge by creating new value and providing products of the highest quality at a reasonable price, for
worldwide customer satisfaction. In addition, the Company has conducted its activities with a
commitment to protecting the environment and enhancing safety in a mobile society.
The Company has grown to become the world's largest motorcycle manufacturer and one of the leading
automakers. With a global network of 501* subsidiaries and affiliates accounted for under the equity
method, Honda develops, manufactures and markets a wide variety of products, ranging from small
general-purpose engines and scooters to specialty sports cars, to earn the Company an outstanding
reputation from customers worldwide.
Each and every Honda associate takes the customer's point of view as Honda strives to help everyone
everywhere share the joy of mobility. That's why Honda always welcomes new challenges as it works
to benefit society and the environment, today and tomorrow.
Based on its fundamental corporate philosophy, the Company is working to enhance corporate
governance as one of its most important management issues. Our aim is to have our customers and
society, as well as our shareholders and investors, place even greater trust in us and to ensure that
Honda is a company that society wants to exist.
To ensure objective control of the Company's management, outside directors and outside corporate
auditors are appointed to the Board of Directors and the Board of Corporate Auditors, which are
responsible for the supervision and auditing of the Company. Honda has also introduced an
operating officer system, aimed at strengthening both the execution of business operations at the
regional and local levels and making management decisions quickly and appropriately. The term of
office of each director is limited to one year, and the amount of remuneration payable to them is
determined according to a standard that reflects their performance in the Company. Our goal in
doing this is to maximize the flexibility with which our directors respond to changes in the
operating environment.
With respect to business execution, Honda has established a system for operating its organizational
units that reflects its fundamental corporate philosophy. For example, separate headquarters have
been set up for each region, business, and function, and a member of the Board of Directors or an
operating officer has been assigned to each headquarters and main division. In addition, by having
the Executive Council and regional operating boards deliberate important matters concerning
management, the Company implements a system that enables swift and appropriate decision
making.
With respect to internal controls, compliance systems and risk management systems have been
designed and implemented appropriately following the basic policies for the design of internal
controls decided by the Board of Directors.
To enhance even further the trust and understanding of shareholders and investors, Honda's basic
policy emphasizes the appropriate disclosure of Company information, such as by disclosing
financial results on a quarterly basis and timely and accurately giving public notice of and
disclosing its management strategies. Honda will continue raising its level of transparency in the
future.
Basic Principles Respect for the individual. The Three Joys (buying, selling and creating)
Dreams inspire us to create innovative products that enhance mobility and benefit society. To meet
the particular needs of customers in different regions around the world, we base our sales
networks, research and development centers and manufacturing facilities in each region.
Furthermore, as a socially responsible corporate citizen, we strive to address important
environmental and safety issues
Manufacturing and Distribution
Quality, and nothing but quality, is one essential element to winning and enhancing customer trust.
What supports Honda quality? Honda depends on the passionate dedication of Honda associates to
provide customers with Honda quality. Speaking the universal language of quality to earn the trust of
customers in every country, Honda is challenging itself to always make products that surpass their
great expectations.
Honda began its first overseas motorcycle production in Belgium in 1963. In 1982, Honda became
the first Japanese automaker to produce passenger cars (the Accord) in the U.S. Since then, Honda
has established autonomous local operations around the world for research and development, sales
and marketing, and production adapted to specific regions. Aiming for highly efficient production,
Honda takes an innovative approach to improving its global manufacturing operations. A new
motorcycle plant at the Kumamoto Factory in Japan that adopted highly efficient manufacturing
technology now accounts for a large share of Honda motorcycle production in Japan. This plant has
also taken over the production of large motorcycles from Honda's Ohio plant in the U.S., thus further
strengthening its leader function for Honda's worldwide motorcycle production. At the Suzuka
Factory, Honda has extended its production line for electric motors, a key component of hybrid
systems, to begin manufacturing and popularizing hybrid vehicles. To keep up with the ever-
changing market, Honda continues to improve its manufacturing operations worldwide, with Japan
serving as the center of innovation.
Global Operations
Japan plays a key role as the center of Global Honda’s international plants lead the way in
Honda, honing Honda's edge in advanced accelerating localization and expanding
technology. production.
By creating products and services that highlight the core values that make Honda unique, Honda
would like to provide its customers with joy and excitement beyond their expectations.
Accordingly, the Honda brand stays a step ahead of the diverse needs of Honda customers, always
offering new possibilities for richer, more rewarding lifestyles. In this way, Honda products
enhance customers' enjoyment of life.
Expanding customer satisfaction activities
"Next time, too… a Honda." The ultimate goal of Honda sales activities worldwide is to satisfy
Honda customers so that they will continue to come back for more Honda quality products. To
ensure this, Honda has implemented a vigorous Customer Satisfaction (CS) program covering all
of Honda sales companies. This program aims to enhance customer satisfaction by strengthening
Honda attention to detail in product and service activities through all stages of sales, delivery, and
after-sales service.
In March 2006, three different Honda sales channels in Japan were merged under the name of
Honda Cars, providing all Honda automotive brands through a single sales network that is easier
for customers to understand. Honda will continue to strengthen sales and services targeted to
regional needs and tailored to customers in each region, with an extensive product lineup and an
enhanced communications infrastructure connecting Honda with its dealerships. Thus, Honda can
continue to enrich its customers’ lifestyles as only Honda can.
TYPES OF TRAINING
Training is required for several purposes. According training programmes may be of the following
types.
1. ORIENTATION TRAINING :
Induction or orientation training seeks to adjust newly appointed employees to the work
environment. Every new employees to the work environment. Every new employee needs to
be made fully familiar with his job, his superiors and subordinates and with the rules and
regulations of the organsation. Induction training creates self-confidence in the employees. it
is also known as pre-job training. It is brief and informative.
2. JOB TRAINING :
If refers to the training provided with a view to increase the knowledge and skills of an
employee for improving performance on the job. Employees may be taught the correct
methods of handling equipment and machines used in a job. Such training helps to reduce
accidents, waste and inefficiency in the performance of the job.
3. SAFETY TRAINING :
Training provided to minimize accidents and damage to machinery is known as safety
training. It involves instruction in the use of safety devices and in safety consciousness.
4. PROMOTIONAL TRAINING :
It involves training of existing employees to enable them to perform higher level jobs.
Employees with potential are selected and they are given training before their promotion, so
that they do not find it difficult to shoulder the higher responsibilities of the new positions to
which they are promoted.
5. REFRESHER TRAINING :
When existing techniques become obsolete due to the development of better
techniques, employees have to be trained in the use of new methods and techniques. With the
passage of time employees may forget some of the methods of doing work. Refresher training
is designed to revive and refresh the knowledge and to update the skills of the existing
employees.
6. REMEDIAL TRAINING :
Such training is arranged to overcome the shortcomings in the behaviour and
performance of old employees. Some of the experienced employees might have picked up
appropriate methods and styles of working. Such employees are identified and correct work
methods are procedures are taught to them. Remedial training should be conducted by
psychological experts.
TRAINING METHODS AND TECHNIQUES
A) MERITS :
i) He gets a feel of the actual job. Therefore, he is better motivated to learn and there is
no problem of transfer of training skills to the job.
ii) Secondly, this method is very economical because no additional space, equipment,
personnel or other facilities are required for training.
iii) Thirdly, the trainee learns the rules regulations and procedures by observing their day to
day applications.
iv) Fourthly, this is the most suitable method for teaching knowledge and skills which can
be acquired through personal observation in a relatively short time period.
v) Fifthly, line supervisors take an active part in training their subordinates.
B) DEMERITS :
i) In on the job training, the learner finds it difficult to concentrate due to noise of the
actual work-place.
ii) Secondly, this method is often haphazard and unorganized. The superior or
experienced employee may not be a good trainer.
iii) Thirdly, in this method the trainee may cause damage to coastly equipment and
materials.
2. VESTRIBULE TRAINING :
In this method a training center called vestibule is set up and actual job conditions are
duplicated or simulated in it. Expert trainers are employed to provide training with the help of
equipment and machines which are identical with those in used at the workplace.
A) MERITS :
i) Trainee can concentrate on learning without disturbance of the workplace noise.
ii) Secondly, the interest and motivation of the trainee are high as the real job conditions
are duplicated.
iii) Thirdly, this method is essential in cases where on the job training might result in a
serious injury, a costly event, or the destruction of valuable equipment and material.
iv) Fourthly, correct method can be taught effectively by the trained instructor who knows
how to teach.
v) Fifthly, it permits the trainee to practice without the fear of being observed and
indiscribed by the superior / co-worker.
vi) Lastly, it is a very efficient method of training a large number of employees of the same
kind of work at the same time.
B) DEMERITS :
i) Expensive method because of additional investment in classroom, equipment and
expert trainers.
ii) Secondly, the training situations is somewhat artificial and the trainee does not get a
feel of the real job.
iii) Thirdly, separation of training from the supervisory responsibilities may lead to
problems in the organization.
3. APPRENTICESHIP TRAINING :
In this method, theoretical instruction and practical learning are provided to trainees in
training institutes. In India the Government has established Industrial Training Institute (it
is)for this purpose. Generally a stipend is paid during the training period. Thus, it is an “earn
when you learn” scheme.
A) MERITS :
i) The main advantage of this method is that is combines theory and practice.
ii) Secondly, the trainee acquire skills which are valuable in the job market.
iii) Thirdly, apprenticeship programmes provide skilled workforce to industry.
B) DEMERITS :
Apprenticeship training is time consuming and expensive. Many persons leave the
training programme midway as the training period ranges from one year to five years.
5. INTERNSHIP TRAINING :
It is a joint programme of training in which educational institutions and business firms
cooperate. Selected candidates carry on regular studies for the prescribed period. They also
work in some factory or office to acquire practical knowledge and skills. This method helps to
provide a good balance between theory and practice. But it involves a long time period due to
slow process. This method of training is used in professional work e.g. MBBS, CA, ICWA,
Company Secretaries etc.
QUESTIONNAIRE ON JOB-SATISFACTION AND MENTAL HEALTH OF OFFICERS
OF PRIVATE SECTOR BANKS
QUESTIONNAIRE
Name : _____________________
Designation : _____________________
3.1 JOB-SATISFACTION
Q.1 Are you satisfied with the existing pay-scales/wage-structure in the Bank you are
serving? Under which category, among the following, would you place them.
(3) Good
Q.2 How would you rate the existing Promotion Policy in your Bank, as compared with other
Banks in the country?
Q.5 Does the existing Transfer Policy accommodate transferee’s convenience also
besides organizational reuirements/ compulsions ? Indicate the level of your satisfaction
in terms of percentage.
Q.6 Are you satisfied with the existing scheme of incentives & awards and the way these are
given ?
Q.8 Does the working style of Top Management, sufficiently generate the sense of
participation, involvement and belonging in the Officer’s work-force ?
Q.9 How do you rate the present Welfare Schemes of the Bank on a 10-point scale ?
Q.10 How are the various schemes of loans and advances to Officers and staff generally viewed
and rated ?
Q.11 Do the ‘In-service Training’ schemes increase the efficiency level and enhance productivity
? If so, to what extent ?
Q.12 Do the professional risks/hazards effect the level of job satisfaction ? If so, indicate extent.
Q.13 Does the Top Management care for your ‘Family Concerns’ and extend a helping hand in
any way ?
Q.14 What is the level of ‘Health-Care & Medical Facilities’ for Officers and staff in the Bank ?
Q.15 What is the quality of Superior and Subordinate relationship in your Bank ?
Q.16 Does any ‘Grievance-Redressal Machinery’ function effectively in the Banking Sector ?
Q.17 Is the existing ‘Annual Appraisal System’ efficient and effective and produces positive
results ?
Q.18 Does the extra dynamism and creativity get due recognition in the Banking System of the
Country ?
Q.19 Are you satisfied with the level of delegation, autonomy & authority in the Banking
System ?
(1) Yes (2) No
Q.21 Will you recommend to your friends/relatives to join the Bank you are serving?
(3) Satisfactory
(3) 60-70%
Q.25 Have you opted for ‘Voluntary Retirement Scheme’ (VRS) recently introduced by the
Government ?
Q.29 What is the level of mental peace, equilibrium, composure and harmony?
Q.30 What is the level of your immunity to stress, tension and worry to work place?
Q.31 What is the ration between positive and negative thoughts? Please tick (√)
Positive Negative
Q.33 What is your behavioural pattern i.e. sympathetic, co-operative and helpful? Are there
occasional aberrations?
Q.34 Do you develop any physical symptoms of ‘Burn-out syndrome’ like (please tick √ the
same).
Q.35 Do you have any non-physical syndrome of ‘Burn-out syndrome’ like (please tick √ the
same).
Q.36 To get out the ‘Burn out syndrome’, do you take recourse to any of the following:
(3) Meditation
Q.37 Does your mental faculty show any significant change or variation?
Q.38 Where does your productivity level – both quantitatively and qualitatively – stand?
Q.39 Do you have any marital or other family problem? If yes, specify the same.
The principal objective of the study of the present project is to carry out a detailed
Analytical study of the ‘Job-satisfaction and mental health of Bank officers in Private Sector.’
To get acquainted with the mental state of employees during their service-career.
To elicit the views and opinions about the different dimensions of job-satisfaction
concerning the employees i.e. salary structure, working conditions, promotion criteria,
nature of work, incentives, etc.
To gauge the stress level and ‘burn out syndromes’ of the Officers/employees.
The subject of the study being extremely important, the intention was to make it a bit
comprehensive one. A questionnaire of 39 questions --- on job satisfaction and on mental health of
Officers and staff of Private Sector Banks was made out after a rigorous discussion and was
circulated to a fairly large number of Officers and staff of a few Private sector Banks at a couple of
places --- i.e. ICICI Bank, HDFC Bank, UTI Bank & Indus Ind Bank.
The infra-structure in branches of these banks, the working conditions, style of
functioning, the behaviour with the public and the state of physical and mental health were
observed.
The study led to some fruitful results, sufficiently equipping the researcher to make
some meaningful suggestions and recommendations in the subject.
Briefly put, the under-mentioned steps were followed during the course of qualitative
research:
Step 1 Study of service condition in Private Sector Banks to acquaint with the nature and level
of HRD activities in the organization.
Step 4 General observations on style of functioning, behaviour with the public and state of
physical and mental health.
Step 6 Discussion with Officers of different grades in different branches of the banks.
The research design adopted in the case was partly Exploratory/Formulative and partly
Descriptive in nature. Putting if differently, it was a fine blent of both Exploratory and Descriptive
designs.
Though the questionnaire was circulated amongst a fairly large number of Bank
Officers, the responses received were 30 only, mainly for three reasons namely,
i. The time of the study being around the close of the financial year and the
Officer’s and staff’s inability to spare time for this.
ii. Officer’s and staff’s general reluctance to share their personal problems
with the researcher freely and frankly, and
The project study being a kind of Qualitative research, an ideal mix of Convenience
sampling and Judgement sampling was used to select Officers and staff to be interacted with
randomly.
1. Honestly put, such studies, surveys and enquiries are taboos in all Private
Institutions and organizations. The Private Sector Banks are no exception to this
general perception.
2. Even though full confidentiality about the identity of Officers and their
replies/responses was assured – no names and no signatures insisted upon – the
responses have been woefully poor.
3. The time of the study being around the close of the financial year and the Officer’s
and staff’s inability to spare time for this.
4. Officer’s and staff’s general reluctance to share their personal problems with the
researcher freely and frankly. To them, it appeared, even though quite mistakenly, to
be an intrusion into their privacy.
The study conducted unmistakably shows and establishes that Officer’s cadre posts
continue to be quite attractive even today, considering the wage structure, avenues of
advancement, comparatively near and clean working, attractive schemes of incentives, advances
and loans etc., comparative absence of bossism, fellow-feeling and co-ordial group working, to
name a few positive attributes of bank services.
The one area that needs constant attention is service to the user/customer. Here, all
possible efforts should be made at various levels of Management hierarchy to continuously
improve and up-grade the quality of customer service. In an age of intense competition banking
sector also, like other areas of Trade, Commerce, and Industry, Private Sector Banks will have to
work hard and strive to keep pace with the changing times. This will not only improve their health
and the health of their work-force but also go a long way in building up their image.
SUGGESTIONS & RECOMMENDATIONS
Banks particularly Private Sector Banks play pivotal role in development of country’s
economy. The volume of business done by them and the profits generated determine their
place/ranking. Like all other fields in the service-sector the wave of liberalization, globalization
and privatization is going to subject Public Sector Banks to more and more intense competition,
shaking them out of slumber under which they have unfortunately been so long.
The indifference, insensitivity, and the casual approach in their behaviour with the
customers, so commonly experienced all over the country by the users, has to be given a good-bye
for good, if the Private Sector Banks really want to survive and stay in business. The approach,
attitude and outlook of the whole set-up i.e. Top Management, Officer’s and Staff has to undergo a
sea-change.
Since Job-satisfaction and Mental health of all segments of the workforce play a
significant role in improving the performance of the Private Sector Banks, I, on the basis of my
study and the survey, venture to offer following suggestions and recommendations for critically
examining, analyzing, accepting and implementing the same to the extent possible.
1. Thorough work-study of each and every position particularly in the Officer’s cadre appears
eminently necessary with a view to effecting equitable and optimum distribution of work-
load. Presently inequitable allotment and distribution of work is a major irritant in the
Officer’s and staff and must be removed forthwith.
2. With a view to improving the quality of service to users in all its dimensions,
computerization in a massive scale should be planned and executed. The
advantage/benefits of computerization in this sector are too obvious to be ignored or
sidelined.
3. Wherever necessary, the merger and the relocation of branches, even banks themselves,
depending upon their physical and economic viability should be seriously thought of and
undertaken on priority basis.
4. The working environment, the building structures, the space available, and the outdated
tools and equipments in all Private Sector Banks, even at zonal and regional headquarters
have a pitiable late to tell, which invariably affect the quality of output/service and the level
of physical and mental health of the work force. Users/Visitors to branches of Private
Sector Banks too return from their premises not with a very good taste in their mouth. On
the other hand a visit to any branch of a foreign bank is a pleasing experience.
5. Till now the concept of marketing and its importance in banking business has not received
adequate attention of the top bank management. Marketing is too overwhelming a concept
to be ignored in service sector in modern times. A look at the innovative products &
packages offered by foreign banks is an eye-opener.
6. The existing health-care scheme for Officer’s and staff need imaginative overhauling and
up-gradation. The health of any organization ultimately depends upon the health of its
work-force.
7. Wherever necessary ATM’s should be installed and these services should be provided not
only in metropolitan cities but also in small cities. The Private Sector Banks should look to
open more and more branches in rural as well as urban areas for the convenience of general
public.
9. Unions in the banking sector must be made to realize that have to be more and more co-
operative and constructive in their approach. It is through their positive participation alone
that they can serve no only their bank, the society and the country better, but also
themselves and their families.
10. The banking sector, of late, has been using modern technology in a big way to bring in
greater efficiency, accuracy and speed in business. No wonder, banks are able to offer a
host of new options to their customers like ATM’s (Automated Teller Machines), Tele-
banking, E-Banking, Mobile-banking and so on.
11. In olden days we use to hear a saying, ”Healthy mind in healthy body”. Now it has come to
be realized that sound mind is a pre-requisite for a sound body. I would strongly
recommend that the bank libraries must have some educative books on mental health and
stress management and the officers and staff should be encouraged to benefit from such
material. One such book that instantly comes to my mind is “ Creating Health : The Mind
Body Connection” by world renowned multi-skills celebrity Deepak Chopra.
12. Regular Career Advancement Programme and Sound Appraisal system should also be up-
graded in keeping with the emerging modern concepts in the field the world over.
13. Inculcation of the sense of participation, belonging and involvement, in the minds of
Officer’s and staff, in the entire managerial process is a must for improving the health of
Public Sector Banks in the country.
14. Since Human Capital is the most important constituent amongst the factors of production,
the latest Human Resource Development Techniques should be adopted and applied to our
advantage. Keeping pace with the beneficial modern concepts is not a matter of
option/choice for us. Rather it is a must.
15. To put a total stop to growing menace of bank frauds coming to notice regularly these days
and adversely affecting the morale of the whole work-force, it is absolutely essential that
the bank officials, even those remotely involved, must also be deterrently dealt with like
the ‘outside’ operators of these crimes. No clemency or leniency need ever be shown to
them.
16. The Banking Organization need a new vision, a new approach and an innovative stratergy.
They are supposed to bring about greater mobility in the financial resources to cater to the
changing socio-economic requirements of the society and the country.
BIBLIOGRAPHY
Tripathi, P.C.; Human Resource Development; 2nd Edition, Sultan Chand &
Sons, New Delhi, 1989.