A study on structural changes among bank employees-an empirical study with special reference to Salem district

The purpose of this paper is to study the views on significant differences among employees of banking sector in Salem district with regard to the structural changes.
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A study on structural changes among bank employees-an empirical study with special reference to Salem district International Journal of Management (IJM) Volume 11, Issue 5, May 2020, pp. 447-453, Article ID: IJM_11_05_042 Available online at http://www.iaeme.com/ijm/issues.asp?JType=IJM&VType=11&IType=5 Journal Impact Factor (2020): 10.1471 (Calculated by GISI) www.jifactor.com ISSN Print: 0976-6502 and ISSN Online: 0976-6510 DOI: 10.34218/IJM.11.5.2020.042 © IAEME Publication Scopus Indexed A STUDY ON STRUCTURAL CHANGES AMONG BANK EMPLOYEES-AN EMPIRICAL STUDY WITH SPECIAL REFERENCE TO SALEM DISTRICT Dr. P.K. Anjani Associate Professor, Department of Management Studies, Sona College of Technology, Salem, Tamilnadu, India Corresponding Author Email: anjani@sonamgmt.org ABSTRACT Every organization requires employees who can readily accept changes to carry out their day to day business transactions and to accommodate with those changes emerging from the environment. The purpose of this paper is to study the views on significant differences among employees of banking sector in Salem district with regard to the structural changes. Primary data were collected from 350 employees serving in the private and public sector banks through questionnaires. T-statistics was performed to analyze the data. The findings of the study clearly show that the views among the employees of the Public sector banks on the Structural Changes are favorable. It is suggested that the banking sector must take measures to conduct lots of training programs and deliberations to adapt the changes among the employees in the banks and enjoy the benefits emerging out of those changes. Key words: organizational change, private sector banks, public sector banks, structural changes Cite this Article: Dr. P.K. Anjani, A Study on Structural Changes among Bank Employees - An Empirical Study with Special Reference to Salem District. International Journal of Management, 11 (5), 2020, pp. 447-453. http://www.iaeme.com/IJM/issues.asp?JType=IJM&VType=11&IType=5 1. INTRODUCTION The banking system acts as a vital role in the country by channeling money from those who have excess funds to those who have creative needs for those funds. The changes in the banking sector have been very rapid, which is no parallel anywhere in the world. Commercial banks are comprehensive across the country at the extent and size which caters to the short term needs of the industry, agriculture and trade and commerce. Commercial banks have been in endurance for a number of decades in the organized sector. Commercial bank is run to http://www.iaeme.com/IJM/index.asp 447 editor@iaeme.com A Study on Structural Changes among Bank Employees-An Empirical Study with Special Reference to Salem District bring in profits on a commercial line. Indian Banking today is witnessing radical changes. The new generation banks have brought the needed opposition into the manufacturing and spearheaded changes towards advanced consumption of expertise, enhanced client service and inventive products. In spite of their strapping and better network, public sector banks have proved to be astoundingly fast and elastic to convene the rising needs of customers. Change is the array of the day. Here is a word that shakes somebody, while others welcome it as a vision to make things better. But there is no doubt that without change, organizations and individuals will stagnate putting their future at risk. Banking sector is not an exception. In fact, a change in this sector is increasing at a rapid speed. 2. REVIEW OF LITERATURE 2.1. Change In a universal sense, change can be defined as follows: to make or become different, give or begin to have a different form. Here, it can be explained, with a classic example of, the postwar recovery of Japan to its present state which is a significant change though predisposed to a great extent by American sincerity, generosity and leadership. The reverse seems to be happening today. Americans are learning from the Japanese to keep hold of competitiveness in the global markets. This is what change is all about. Change also means discontent with the old and trust in the new. Change is ever-present in today‟s fast-paced organizations (Lewis, 2000). Change management is the process of continually renewing an organization‟s direction, structure, and capabilities to serve the ever-changing needs of external and internal customers. Change is the continuous process by which future invades humans‟ lives. Change is inevitable and fast. Change is part of life, almost defining Characteristics of life. Change is a magnificent and life enhancing feature of human existence. Change is the relation between the history and the opportunity. In recent years, within a business context, however, the term “Change” has also become synonymous with upheaval and chaos (Pritchett, 1996). Organizational Change is a multifaceted process. It is much more complex than human behavior. Therefore, there cannot be one specific solution to managing change. A change technique that works in one organization may not work and even some times might fail in another organization within the same culture and country. The swiftness of change taking place in the social, political and economic environments is creating a noticeable impact on organizations as well as individuals. Nowadays, change is not bound by any such barriers and its impact is felt at the individual, organizational, national and transactional levels. In contrast to the past, when changes have been based on conservative technologies, the present-day changes are based on finer technologies with technological revo ...