Issues and Challenges Involved in Motivational Factors in Nationalized Banks

Abstract

Job satisfaction is the optimistic approach towards job. It is important to point out that an employee may hold different approach toward various motivational factors related to the job. This article investigates the issue and challenges involved in motivational factors for employee satisfaction in nationalized banks. Researcher focuses on the challenges in this paper are compensation, working condition, promotion, possibility of growth, recognition. As is the present era all the banks have strong HR policies to retain their employee but after that there are some loopholes in that so that employees are not well motivated to work with nationalized banks. In the present time as there are two types of banking sector one is public sector and another one is private sector. In between that private sector banks are attracting people by giving higher salary and other benefits so it is necessary to implement strong HR policies by public sector banks. So that employee can be well motivated in nationalized banks. This research paper provides a layout to implement such policies with current drawbacks and also gives an alternate approach to recover from these drawbacks.