EFFECT OF ORGANISATIONAL CLIMATE IN PUBLIC SECTOR BANKS IN SELECT DISTRICTS OF TAMIL NADU

Abstract

In the emerging exemplar of globalizations, it is indispensable for every organization to study the job satisfaction of employees, which form the pillars of success of any enterprise. Banking system plays a very important role in the Indian economy. It is like a central nerve to a nation’s economy as it caters to the financial needs of credit in all the domains of the society. Indian banking industry has transformed in recent years due to globalization in the world market, which has resulted in fierce competition. This new competitive environment has resulted in new challenges for the banking industry to benchmark work culture on parameters which are globally standardized. Even with highland of technology banking sector is primitive and is dependent on human face of human resource management. The technology is merely an aid to the human face but cannot be substituted by any machine. Recognition to HR as an important component in the development and learning processes in banking sector is the key to success and reward as human resource is supreme than all other resource in any organization. In order to achieve and meet with the worldwide standards and to sustain in a competitive market banks need to create sound organizational climate. From the research findings, it has been found that orgnisational climate has a decisive impact on the productivity and operational effectiveness in terms of the present challenges and opportunities being witnessed in the banking sector.