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MANAGERIAL STRATEGIES HUMAN RESOURCE PRACTICE AND LABOR RELATIONS IN BANKS


In the evidence from the national report in this topic are experiencing a profound transformation unleashed by deregulation,privatization and technological change that effect not only the way bank business is conduct but also traditional employment practice and  systems of industrial relations  twenty years ago commercial and savings banks were highly bureaucratic organizations whose prevalent business activities were to take deposits,give credits and organize the payment system within highly protected and compartmentalized  national market .today banks are transforming into more flexible organization that offer a wide range of product ,including deposits credit  payment system insurance ,credit cards, cash management, and pension and mutual funds. They are exposed to increasing level of competition within deregulate international and national market (regini, 2017).
   


THE CHANGING INDUSTRY CONTEXT

The adjustment of new rule of the game is not easy bailout merges and the state’s rescue of financially strapped institution have accompanied the transformation of banking in several countries. these dramatic episodes, in addition to ordinary merges and acquits ions, new business strategies for a more competitive environment, and the increasing use of technology, have placed traditional banking organization employment practices, and industrial relations institutional under strain.
With the expectation of Germany, where the deregulation process began as early as the late 1950 s the banking industry for the other countries remained highly regulated at the beginning of the 1970s. banking was separated from the insurance and securities business. Conducted by insurance companies and brokerage house, respectively. Normally the central bank of each country defined the king of business the different categories of banks were permitted to conduct. (bathe)

The second problem involved the mixed between self-service and personal contact in branches. Technology contribute to higher productivity in banks and reduce the cost of a work intensive industry. however, particularly in retail banking ,the use of new technology can also damage the business, as when banks do not find the right balance between self service and personal contact with client .

At a general level, current trend in banking appear similar to those taking place in each country’s broader economy .most significantly ,these include recent moves toward a decentralization and even a dismantling of industrial relations and collective bargaining mechanisms and attempts to reduce or eliminate union influence over employment conditions .the impact of these changes varies considerably .however ,according to the unions strength and ability organize industrial action in the various countries .whenever the unions have been able to maintain their following among employees, the disruption to established practices has tended to be lower than in other industries.


References

baethge, m. (n.d.). labour relations in banks. https://books.google.lk/books.
regini, m. (2017). from teller to seller. https://books.google.lk/books.




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