HR STRATEGY AT INTEGRATED THERMOPLASTICS LTD

Abstract

Abstract on A study on Role of Strategic Human Resource Management in an Organisation at Integrated Thermo Plastics Ltd. The human sources in the banking sector are not only important, but expensive and delicate. Adoption of improved technologies by upgrading their work methods, work norms, technical and managerial skills and employees’ motivation to face up to the fast emerging challenges, has become the need of the hour. The present study has been an attempt to make a comparative analysis of human resource management practices relating to employees’ recruitment, selection, promotion, compensation packages, training and development practices in the public and private sector commercial banks in India and the way these are linked with the employees' job satisfaction. To study the HRM policies, practices and trends with respect to recruitment, selection and promotion, compensation, training and development in the commercial banks, secondary data have been gathered. The trends in business per employee, profit per employee, staff strength, branches, deposits per employee, advances per employee, cost per employee, establishment expenses per employee etc have also been studied for the selected commercial banks with a time span ranging from 2002-03 to 2023-24 and different statistical tools such as time series, ratios, mean, standard deviation, variance analysis andCompound Average Growth Rate (CAGR) have been applied to analyse the secondary data. A study of HRM policies and practices of the four sample banks have also been done through ‘content analysis’. The 29 different HRM areas have been identified in the sample banks with respect to recruitment and selection, promotion, compensation, training and development policies and practices and compared through ‘content analysis’