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Monday, February 25, 2013

The Effects Of Compensation In Different Banks

The Effects of fee in Different banks on Employees work Performance
OBJECTIVE
My research proposal is deal with The Effects of Compensation in different banks on Employees Work Performance
In this report I have study and evaluate how the compensation effects on an employee.
To know what motivation factors used by different banks.
How to thread capable applicants
How to retain current employee so that they dont quit

SIGNIFCANCE OF THE TOPIC

The financial orbit is the backbone of any economy. In our economy as well, the banking sphere is very important and contributes to the overall economic growth. Pre 2000 the sector was non vibrant and worked under the government. However ascribable to financial sector reforms the sector grew manifold in the 2000 2005 era and became very competitive. The nation saw an explosion of consumer credit and the sector grew at an extortionate rate.

With this study and the problems listed below, I would like to point out anomalies, which if determine can result in the following;

1.Staff faithfulness and long term commitment to the organization
2.Identifying and comparing the compensation differences across the board
3.Employee motivation leading to a positive effect in the service quality of the bank
4.Increased motivation level of employees
5.

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Identifying attain areas which should be addressed while designing compensation plans for the dig up force of the sector

PROBLEM STATEMENT
Why so much product line hopping in Banking sector now a days.
Difference of Compensation between small banks and big banks
Job security
Relationship of employees performance with organizational effectiveness
Motivation level is down due to less compensation
Employee performance based on compensation
To know the discordant retention practices used in banks?
Employee performance based on compensation
To know whether employees are satisfied with their jobs or not.
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