Caution Notice

Volume 2, Issue 2

Home / Journal / Browse Issues / Journal Of General Management Research /
Volume 2, Issue 2

Strategic HR Imperatives for Indian Public Sector Banks

Author(s)

Shalini Shukla

Affiliations

University of Lucknow, Lucknow

Abstract

India being one of the largest economies in the world is gradually emerging as major economic force to reckon with. Major growth has been realized due to proactive as well as reactive changes in the Indian business environment and strategic postures adopted by companies. Banking sector is the mirror of any economy through which financial health of that country can be predicted, India is not an exception. In India public sector banks accounted for more 70 percent assets of total banking industry. Their performance and outcomes have major impact on growth of country India. Due to the globalisation and deregulatory forces, the competitive structure of banking industry has gone for tremendous changes. These changes imposing various challenges in front of public sector bank to overcome with and align their key areas with their strategic requirement, rather than being stick on traditional and conventional approach of banking. Therefore, it becomes imperative for Public Sector Banks (PSB) to identify various existing mismatches between their strategies, environmental moves and ultimate goals and objectives to deliver best value to their customer and adduce their position in hyper competitive market.

Study present number of imperatives for HR professional, authorities and bud researchers.

Keywords

Strategic mismatch, Challenges for PSB, Public Sector banks, Competitiveness, HRM

References
  1. Alcazar., Martin Fernando and Romera- Fernandez Pedro et al. (2008) ‘Human Resource Management as a Field of Research’. British Journal of Management, Vol. 19, pp. 103 119.
  2. Ahmad., A. & T. Agarwala (1994), ‘A decade of Management Research in India. Association of Indian Management School’.
  3. A Huselid Mark (1995), ‘The impact of Human Resource Management Practices on Turnover, Productivity and Corporate Financial Performance.’ Academy of Management Journal, Vol. 38, No. 3, pp. 635-872.
  4. Baird, L. & Meshoulam, I. (1984), ‘Strategic human resource management: Implications for training human resource professionals’, Training and Development Journal, Vol. 38 No.1, pp. 76- 78.
  5. Baird, L., & Meshoulam, I. (1988), ‘Managing two fits of strategic human resource management’ Academy of Management Review, Vol. 13, No. 1, pp 116−128.
  6. Barney J., (1991) ‘Firm resources and Sustained Competitive advantages’, Journal of Management, Vol. 17, No. 1, pp. 99-120.
  7. Barney J. (1992), ‘Integrating organisational behaviour and strategy formulation research: A resource based analysis’, In J. Dutton, Advance in Strategic Management, Vol. 8, pp 39-61.
  8. Barney, J.B.(1995), ‘Looking inside for competitive advantage’, Academy of Management Executive , Vol. 9, No. 4, pp. 49-61.
  9. Barney, J.B. & Wright, P.M. (1998), ‘On becoming a strategic partner: The role of human resources in gaining competitive advantage’, Human Resource Management, Vol. 37, No. 1, 31-46.
  10. Bondarouk Tanya & Jan Kees Looise et al. (2009), ‘Framing the implementation of HRM innovation, HR professional Vs line managers in a construction company’, Personnel Review, Vol. 38, No. 5, pp. 472-491.
  11. Bharati G. Kamath (2007), ‘The intellectual capital Performance of Indian banking Sector’ is Journal of Intellectual Capital, Vol., 8 No. 1, pp. 96-123.
  12. Brockbank, W. (1999), ‘If HR were really strategically proactive: present and future directions in HR’s contribution to competitive advantage’, Human Resource Management, Vol. 38, No. 4, pp. 337-352.
  13. Chow Irene H., Jia-chi Huang and Shanshi Liu (2008), ‘Strategic HRM in China: Configuration and Competitive Advantage’, Human Resource Management, Vol. 47 No. 4, pp. 687-706.
  14. Delery, J.E. (1998), ‘Issues of fit in strategic human resource management: Implications for research’, Human Resource Management Review, Vol. 8, pp. 289–309.
  15. Delery, J.E. & Doty, D.H. (1996), ‘Modes of theorizing in strategic human resource management: tests of universalistic, contingency and configurational performance predictions’, Academy of Management Journal, Vol. 39, No. 4, pp. 802-836.
  16. Dyer, L (1983), ‘Bringing human resources into the strategy formulation process’, Human Resource Management, Vol. 22, pp. 257-271.
  17. Fomnrun C.J., T ichy N.M., and Devanna M.A. (1984), ‘Strategic human resource management’, John Wiley & sons, New York, NY.
  18. Gunnigle Patrick & Moore Sarah (1994), ‘Linking business strategy and human resource management: Issue and implications’, Personnel Review, Vol. 23, No.1, pp. 63-84.
  19. Jain Priti (2006), Strategic Human Resource development in Public libraries in Botswana, Library Management, Vol. 26, No. (6/7), pp. 336-350.
  20. Kamath K.V. etal, (2003). Indian Banking sectors: challenge and opportunity, Vikalpa, Vol. 28, pp. 3.
  21. M. Wright Patrick et al. (2011), Exploring Human Capital: putting Human back into strategic human resource management, Human Resource Management Journal, Vol. 21 No. 2, pp. 93- 103.
  22. Miles, R.E. & Snow, C.C (1978), ‘Organizational strategy, structure, and process, New York: McGraw-Hill.
  23. Miles R.E., & Snow C.C. (1984), ‘Designing strategic Human resource Management’, Organisational Dynamic, Summer, pp.36-52.
  24. Martell Kathryn & Carroll Stephen J (1995), ‘How Strategic is HRM?’, Human Resource Management Summer, No. 34, No. 2, pp. 253- 267.
  25. Ram T.T. Mohan et al. (2004), ‘Productivity Growth and Efficiency in Indian Banking: A Comparison of Public, Private, and Foreign Banks’, Department of economics Working paper series (University of Connecticut).
  26. Schuler, R.S. (1992), ‘Linking the people with the strategic needs of the business’, Organizational Dynamic, Issue-Summer, pp. 18-32.
  27. Schuler Randall S. Schuler and Jackson E Susan (1987), ‘Linking Competitive strategies with Human Resource Management Practices’ The Academy of Management Executive, Vol. 1, No. 3, pp. 207-219.
  28. Tan Hao, Weston Rae & Tang Yiming, (year unknown), ‘Applying the Miles and snow’s Business Strategy typology to china’s real estate development industry: A research framework’.
  29. Wright P.M. & McMahan, G.C., (1992), ‘Theoretical Perspectives for Strategic Human Resource Management’, Journal of Management, Vol. 18, No. 2, pp 295-320.
  30. Wei Li-qun, Jan liu, Yichi Zhang and Randy K. Chiu (2008), ‘The role of corporate culture in the process of strategic human resource management evidence from Chinese enterprises’, Human Resource Management, Vol. 47, No. 4, pp. 777- 794.

Quick Links