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Journal of Information and Optimization Sciences cover
Hybrid ·Peer-reviewed·ISSN (Online): 2169-0103·ISSN (Print): 0252-2667

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Monthly Journal: Publishes theoretical and applied research on topics in information and optimization sciences.

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Open Access Research Article

Strategic analysis of HR policies : Mitigating attrition and attracting top talent in the Indian banking industry

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pp. 1857–1866Vol. 45Issue 7October 2024DOI: 10.47974/JIOS-1737XML
Received:
09 Apr 2024
Published Online:
19 Nov 2024
Article type:
Research Article
Language:
EN
Article no.:
JIOS-1737
Pages:
1857–1866

Abstract

This study explores the pivotal role of HR policies on attrition rate and attracting the Top Talent in dynamic Banking industry in India. With increase in competition and expectations of the workforce from the management, the effective formulation & implementation of HR Policies have become indispensable for Banks to sustain growth and competition. Through an extensive literature review and empirical analysis, this research explores the multifaceted dimensions of attrition and Talent acquisition. It examines the prevailing challenges faced by Banks in retaining highly skilled & productive employees. The study investigates various HR policies and practices adopted by leading banks to address attrition concerns and retaining talent pool employees. Key focus of areas includes Talent Management initiatives, Employee Engagement strategies, Compensation and Benefit frameworks, Career development programs and organizational culture enhancement efforts. The insights would guide Banks in devising proactive strategies to foster employee retention, cultivate a Talent centric culture and sustain long term success in a highly dynamic and competitive marketplace (Figure 1).

Keywords

Subject Classifications

M1

References

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