International Journal of Applied Research
Vol. 2, Issue 11, Part F (2016)
Analysis of employee motivation in banking sector
Employees are the most important factor in the success and failure of any organization. Motivational factors play an important role in increasing employee job satisfaction. Satisfied employees in return can help in improving organizational performance. In this study, motivation as one of the most important factors potentially contributing to the performance of employees has been examined in relation to the banking sector. As a result of the study, the most important factors motivating employees are respectively “equitable wage and promotion”, “extended health benefit and other social facilities”, and “working environment”. Another crucial finding of the study is the fact that “equitable wage and promotion” having the highest potential of motivating employees do not differentiate according to demographic characteristics.
As is the present era all the banks have strong HR policies to retain their employee but after that there are some loopholes in that so that employees are not well motivated to work with nationalized banks. In the present time as there are two types of banking sector one is public sector and another one is private sector. In between that private sector banks are attracting people by giving higher salary and other benefits so it is necessary to implement strong HR policies by public sector banks. So that employee can be well motivated in nationalized banks.
How to cite this article:
Shalini Tomer. Analysis of employee motivation in banking sector. International Journal of Applied Research. 2016; 2(11): 392-395.