Employee Engagement and HR Initiatives A Study at Banking Industry

Abstract

The study is based on employee engagement and HR initiatives in banks in Bhubaneswar city. The objectives of the study are: to recognize the HR initiatives undertaken by public and private sector banks, to find out the factors really contributing to employee engagement in banking sector, to ascertain the perceptions of the employees towards employee engagement and influence of demographic variables on employee engagement. Employee engagement is a strong optimistic outlook amongst people towards their works. It is an assortment of factors like organisational commitment, belongingness, job satisfaction; employee involvement and many more. The main philosophy ideally lying behind is to develop the involvement and passion for the employees towards their job, commitment towards organisation by putting discretionary effort into their work. This specified more on HR initiatives and factors relating employee engagement. However, it is a general perception of banking sectors, that their management uses the HR initiatives and above said factors as an engagement tool to enable the employees for active involvement in their respective works. In this backdrop there is a basic necessity to understand the above said objectives. The scope of the study is limited to public and private sector banks functioning in Bhubaneswar. newlineThe study validates the perception of the employees through the structured questionnaire that was aimed at determining the demographic variables and employee engagement factors. A standardised scale developed by Rensis Likert (1987) was used to measure the employees perception of employee engagement, demographic influence on employee engagement and factors contributing to employee engagement. The questionnaire consists of 5-7 statements from each variable of employee engagement like autonomy, work environment, communication, loyalty, self-evaluation at workplace, job satisfaction, job involvement, job performance, employee morale, work culture, and job stress. The relationship between employee engagement and