COMPARISONS OF THE IMPORTANCE OF EMPLOYEE WELFARE BENEFITS ACROSS DIFFERENT GROUPS IN PUBLIC SECTOR BANKS IN INDIA
Keywords:
India, importance, public, sector, employee benefits, job satisfaction, motivationAbstract
The need for welfare benefits in Indian public sector companies is no novelty. It has been felt through generations pre and post-independence and has been addressed in matters of legislation and policy by Indian law makers, governments, and business leaders. Among the commercial banks in India, public sector banks are prominent examples in matters of welfare policy and provision. Despite the edge they are believed to have over private sector banks, these banks must be assessed for the validity and usefulness of their welfare schemes. To ascertain that these translate into employee satisfaction and bank profit, timely research in the area must be undertaken. The study aims at identifying such groups within the public sector banks as hold benefits dearer than others, for which purpose four Indian banks have been chosen for an employee survey. The conclusions point the way towards formulation and modification of manpower policies and schemes.
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