A REVIEW ON IMPACT OF HUMAN RESOURCES PRACTICES ON EMPLOYEES PERFORMANCE WITH SPECIAL REFERENCE TO PUBLIC AND PRIVATE BANKS

Abstract

Human Resources (HR) are the key component of any organisation, or it may be argued that they are the organization's foundation, without which it is scarcely feasible to attain goals. Like the concept itself defines, Human Resource Management (HRM) is the organization's management or managing of human capital that includes personal fulfilment and accomplishment of objectives. HRM activities provide benefits, performance evaluation, preparation and growth and career management plays a key role in the organization's development, engagement, and employee retention. The key purpose of this review paper is to consider the effect of HRM activities on employee success at work. The review showed that HR practices have a direct influence on the success standard of workers. Implementation of acceptable HR procedures must be completed. This paper illustrated the banking operation that thrives on the strength of human power. People are the direct generators of the quality of their facilities and people are their sole clients. The literature research was undertaken to investigate the extent of the activities of HRM commonly followed by major Indian banks. In order to analyze the problems involved in workforce selection and recruiting, training & growth, compensation and pay, techniques of role appraisal, performance evaluation, employee engagement, metrics to evaluate their job satisfaction rate, the literature review was undertaken. Through nationalization, banks have ceased to be finance institutions only for the manufacturing sector and have become a vibrant vehicle for social reform, with more scientific evidence required to confirm the prediction that there is a phenomenon. A means of sustainable competitive advantage is known to be human capital. The effectiveness of an organization depends on many variables, but the employee is the most significant element determining the efficiency of the organization.