A Study on HR Challenges Facing by BFSI Sector

Authors

  • Rajwinder Kaur Research Scholar (University School of Business), Chandigarh University, Gharuan (Mohali)

DOI:

https://doi.org/10.48165/gyanjyoti.2021.2101%20

Keywords:

BFSI Sector, Human Resource, Indian Economy, Strategies

Abstract

BFSI sector is important sector of India economy. BFSI stands for banking, financial services and insurance. This sector helps to provide wide range of financial services and products to customers.Without this sector’s effective performance, no other sector in the economy perform effectively. BFSI sector represent the major portion of the India economy. For the smooth running of this sector, there are many departments which work for improving the efficiency of this sector. HR is one of important segment in BFSI sector. Without the effective performance and activities of HR, the sector can’t work effectively and satisfy customers. But HR also faces challenges in BFSI sector. The paper is an attempt to HR challenges in BFSI sector. Many challenges are identified through the study and examination of previous studies. Paper will also put light on various suggestions and strategies to dilute these HR challenges in BFSI sector.

Downloads

Download data is not yet available.

References

Anita,S.(2012).Job Satisfaction Insurance Sector:An Empirical Investigation.International Journal Of Engineering and Management Sciences, 3(4), 425–432.

Balagam, A., & Fariduddin, S. (2008). A Survey of Major HR Challenges in the Mature and Emerging Industries Comparison between IT and Banking Industries Pakistan.Journal of Independent Studies and Research (JISR) - Management and Social Sciences & Economics, 6(2), 24–30.

Bhatt, P. (2013). Contemporaneous HR Practices in Indian Banking Scenario: A Review. Int. J. Indian Culture and Business Management, 7(3), 441–451.

Bhatnagar, D. (2014). Criticality of Human Resource Processes in Indian Banking Industry.International Journal of Business Management, 1(1), 85–100.

Chandan.(2017).Human Resource Development Practices: A Study of Public and Private Life Insurance Companies. IOSR Journal of Business and Management (IOSR-JBM), 19(6), 10–21.

Dubey, S., & Gupta, B. (2019). Innovative Human Resource Practices in Indian Banks:A Study from HR Manager Perspective.International Journal of Engineering and Management Research, 9(1), 195–203.

Gomes, E., Angwin, D., Peter, E., & Mellahi, K. (2015). HRM issues and outcomes in African mergers and acquisitions: A study of the Nigerian banking sector.The International Journal of Human Resource Management, 23(14), 2874–2900.

Goyal, K. A., & Babel, A. A. (2015). Issues and Challenges of Work Life Balance in Banking Industry of India.Pacific Business Review International,8(5),113–118.

Jha, R., & Mishra, M. K. (2015). A Study of HRM and Employees Performance Banking Sector in India. International Journal of Advanced Research and Innovative Ideas in Education IJARIIE, 1(3), 24–28.

Jyoti. (2017). Impact of Training and Development with Reference to Banking Sector in India. International Journal of Business Administration and Management, 7(1), 38–45

Kamath, K. V., & et al. (2003). Indian BankingSector:Challenges and Opportunities. VIKALPA, 28(3), 83–99.

Kujur, T., & Shah, M. A. (2016). Innovative Human Resource Practices In Indian Banks:A Study from HR Manager's Perspective. Int. Journal of Engineering Research and Application, 6(3), 40–48.

Kumar, R.(2016).Human Resource Development and Indian Banking Sector. International Journal of Research inFinance and Marketing (IJRFM), 6(7), 127–130.

Kundu, S. C., & Malhan, D. (2007). Human Resource Management Practices in Insurance Companies Operating in India: A Study. Proceedings of the 13th Asia Pacific Management Conference, Melbourne, Australia, 472–488.

Kundu, S. C., & Malhan, D. (2009). HRM Practices in Insurance Companies: A Study of Indian and Multinational Companies. Managing Global Transitions, 7(2), 191–21

Latha, V. M., & Rao, V. N. (2019). Human Resource Development Practices in Indian Banking Sector – An Overview. IOSR Journal of Business and Management (IOSR-JBM), 21(10), 35–39.

Mathivanan, B. (2013). A Study on HRM Practices in Public Sector Banks Krishnagiri District.IOSR Journal Dental and Medical Sciences (IOSR-JDMS), 12(4), 1–14.

Mellacheruvu, S., & Krishnamacharyulu, C. S.G.(2008).ChallengesofHumanResource Management in Public Sector Banks.Journal of International Management Studies, 8, 42–45. Okur, M. E., Dilbaz, Z. A., & Seker, S. E. (2014).

Human Resource Management Problems for Insurance Company Mergers: A Case Study.Journal of Advanced Management Science, 2(4),316–320.

Ramakrishna, P., & Rao, K. S. (2017). A Review of Literature on HRM Practices in Indian Banking Industry. Imperial Journal of Interdisciplinary Research (IJIR), 3(4), 2126–2133.

Sekhar, B. M., Sudhir, A., & Suhashini, J. (2014). HR Management in Commercial Banks in India. GJRA - Global Journal for Research Analysis, 3(12), 1–3.

Shah, S., & Tyagi, A. (2017). HR Challenges and Opportunities in Banking Sector. International Journal of Engineering Technology Science and Research IJETSR, 4(7), 928–933.

Shukla, S. (2014). Emerging issues and challenges for HRM in public sectors banks of India. Procedia - Social and Behavioral Sciences, 133, 358–363.

Singh, Y., & Sood, S. (2017). Innovative HR Practices in Indian Banking Sector - A Conceptual Study. International Journal of Business Management and Scientific Research, 31, 9–14.

Yadav, S. S. (2014). Study of Attrition of Sales Force in Life Insurance Sector. Episteme:an online interdisciplinary,multidisciplinary multi-cultural journal, 3(3), 126–134.

Published

2021-06-28

How to Cite

Kaur, R. (2021). A Study on HR Challenges Facing by BFSI Sector. Gyan Management Journal, 15(1), 01–09. https://doi.org/10.48165/gyanjyoti.2021.2101