Over
the last two decades, the Indian business organizations have
adapted to the changes in the business environment by employing
strategies such as restructuring, delayering, downsizing,
merging and acquiring. In the process, modern organizations
have faced great challenges in managing their people. One
of the challenges that organizations are trying to address
is the changing nature of career management, which is required
to maintain organizational growth. The old bureaucratic framework
of career planning characterized by job security has been
done away with. The employer offers good pay and rewards for
high performance to those who develop broader skills. The
present study provides empirical support to the organizations'
efforts to develop the career of employees in the banking
sector. A sample of 100 managers in 13 public and private
sector banks was studied to know the impact of organization
career management on career satisfaction. The results reveal
that the programs related to self-development, information
about job openings, opportunities to learn new skills and
retirement preparation programs have contributed to the feeling
of career satisfaction.
The changing nature of the Indian economy in the last two decades reflects the changing forces of politics, product markets, technology and increased competitive pressures. These changes are linked to the changes in the global markets. Organizations have adapted to these conditions by employing various strategies such as restructuring, delayering, downsizing, merging and acquiring. In the process, modern organizations have faced great challenges in managing their human resources. |
