Abstract
Bankers are under a great deal of stress and due to many antecedents of stress such as Occupational Stress ,Role ambiguity, Role Conflict on work, under participation stressors, Role Overload, Intrinsic Impoverishment and Recent periodic events, Poor peer Relations among the employees, Group & Political Pressure in work environment in banking sector. This study examines the impact of stress and coping strategies in enhancing job satisfaction and employee’s performance in public sector banks. The study tests the relation of occupational stress and its impact and coping strategies in enhancing job satisfaction and employee performance by using sample size of 460, 435 and 420 responses were received from those three banks respectively
…show more content…
Banking psychology addresses itself to the study of behavior in these specific domains of life, and to the application of pertinent information about human behavior to the solution of human problems in the Indian context. A recent report by political and Economic Risk Consultancy (PERC), Hongkong revealed that stress levels in Asia are on the rise.
The Human Aspects in Banking
…show more content…
In the present study the researcher has made a comprehensive attempt in highlighting the correlates of occupational stress of banking personnel in India.
Literature Review
At Some point, most people encounter stressful events that can have a major impact on the course and direction of their lives. Stress has emerged as a thrust area in organizational behavior research. Stress research has been suffering with conceptual (Beeha & Newman, 1978), methodological (kahn,1981) and focus (Ivancevich and Mattson, 1980) Problems. However, work related stress is increasingly becoming a prominent field of research in recent years (Sinha & Sinha, 1977).
The Review of literature contained in the present chapter focuses on earlier research findings on job stress of banking personnel. The chapter specifically highlights research findings on topics related to job stress, Personality characteristics, Constraints of change, Role overload, Role conflict, Under-participation, Feeling of inequity, Job difficulty, Job requirement capability mismatch, Role authority, Role ambiguity, Group stressors, environment factors and Job satisfaction of Banking
(2016) stated that the higher the stress levels, the lower job satisfaction tends to be. I agree with the author in this instance, because these stressors are what drove me out of the industry. While my current role is dissatisfying, I am committed to the organization’s values and beliefs. This is the first company I have worked for that cares about employee development and growth, rewards for high performance, giving back to the community through community service, and providing employees a livable wage with full benefits.
In the text, the ‘banking’ concept of education is distinguished as ‘the scope of action allowed to the students extends only as far as receiving, filling, and storing the deposits.’ Freire illustrates the roles the ‘banking’ concept plays in student’s education; how it affects the teachers, affects the students, and the type of relation it creates between a student and teacher. In the passage, Freire pointed out how the teachers who are using this precise model are having all the power, the power to determine a bright mind’s future. Having ‘power’ isn’t necessary displayed as having authority, it can also be displayed as how they teach, talk, and the mindset they bring to the classroom. Freire claims “”...
Banking system is essential in our economics to maintain an effective circulation of money. The bank has functions for regulation of currency to aid strong economy. Distribution of the money is crucial to promote construction of the nation and prevention of bankruptcies. In our modern economic structure is supported and developed by the banking system. However, there was a period that the national bank was shut down by the government the consequence of the bank war.
Minority stress identifies chronically high levels of stress faced by members of stigmatized minority groups. It may possibly be caused by a number of factors, including poor social support and low socioeconomic position, however the most well understood causes of minority stress are interpersonal bias and discrimination. Indeed, several scientific studies have proven that minority individuals experience a high degree of prejudice, which causes stress responses (e.g., high blood pressure, anxiety) that accrue over time, eventually leading to poor psychological and physical health. Minority stress theory summarizes these scientific studies to describe how difficult social situations lead to chronic stress and inadequate health among minority
Cindy Liu Mrs. Puma English III Honors 17 January 2018 Annotated Bibliography: Stress or Anxiety Reduction/Management Block, Sandra. " De-Stress Your Life." Kiplinger 's Personal Finance, vol. 71, no. 2, Feb. 2017, p. 64. EBSCOhost, search.ebscohost.com. Accessed 10 January 2018
Depression can be attributable to multiple factors and there might not be a single identifiable cause for the condition. One may develop depression due to the loss of a loved one, on an account of a family history of depression, in the backdrop of multiple social or financial stresses or it may begin in the background of a chronic medical condition. Some individuals can also experience loneliness and melancholy for no apparent reason at all. It is crucial to note that recognition of these factors is extremely important so as to be able to provide appropriate intervention for the affected individual’s recovery.
The workplace had become a high stress environment in many organizations cutting across industries. Employees were experiencing high level of stress due to various factors
Specific Purpose: To inform the audience about how stress develops and its effects on the workplace. Tentative Thesis: Though the definition of stress is already well-known among our society, we remain ignorant towards how stress develops everywhere and influences the workplace. Introduction I. Attention
Bank crisis. Differences in banking structure US economy in the 1920s: There were two ways in which commercial banks could be characterised, i.e. nationally chartered banks and banks that were chartered by states. As branching was strictly forbidden by national regulators and most state regulators, this led to a majority of banks being unit banks. Unit banks were a serious problem in the twentieth century Great Depression especially, as it was “a system of banking in which the government restricts or does not permit a bank to open branch offices”.
Stress refers to a dynamic interaction between the individual and the environment. In this interaction, demands, limitations and opportunities related to work may be perceived as threatening to surpass the individual's resources and skills. Stress is any physical or psychological stimulus that disturbs the adaptive state and provoked a coping response The increasing interest in stress research is probably because we live in a world that includes many stressful circumstances and stress has been a global phenomenon. It has become an integral part of life and is said to be the price we all pay for the struggle to stay alive.
I would frame the banking as an industry that is built on trust. Trust that is reaffirmed by the governments, and regulators. Banks have an imperative role in our economic growth, and development. Correspondingly, without the bank industry, there is no industry to replace them as the conduit for social and economic policy. Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect.
2.0 SITUATION ANALYSIS Below are Malaysian banking industry’s external environment assessment using Porter’s 5 Forces Analysis. For the purpose of this assessment, 3 top-in-the-league existing domestic banking groups in terms of asset size have been chosen i.e. Maybank, CIMB, and PublicBank. All 8 domestic banking groups have operations in all the 3 segments of banking businesses namely Commercial, Islamic, and Investment bank. Upon analyzing and assessing their immediate surroundings, the banking groups recognize the following important factors that would impact on their competitiveness. THREAT OF RIVALRY AMONG EXISTING BANKS • Too many players in the industry; Each banking group has to contend with 7 other domestic banking groups and 30 other banking intermediaries both local and foreign, comprising 19 Commercial, 8 Islamic, and 3 Investment banks.
Theories on Stress Stress has generally been viewed as a set of neurological and physiological reactions that serves an adaptive function (Franken, 1994). Traditionally, stress research has been oriented toward studies involving the body 's reaction to stress and the cognitive processes that influence the perception of stress. However, social perspectives of the stress response have noted that different people experiencing similar life conditions are not necessarily affected in the same manner (Pearlin, 1982). There are societal and cultural influences of stress. Hans Selye (1982) points out that few people define the concept of stress in the same way or even bother to attempt a clear-cut definition.
Stress Stress is something that everyone has in their life. Stress could be different thing in every person’s life. What do I understand by hearing stress? I stress out when I don’t have enough money to pay my bills. For example: my mortgage, utility bill, car payment, insurances, and child support.
Stress involves interaction of the person and environment. To quote a definition: “Stress is an adaptive response to an external situation that results in physical, psychological and / or behavioural deviations for organizational participants” (Luthans, 1998). Stress has generally been viewed as a set of neurological and physiological reactions that serves an adaptive function (Franken, 1994). Traditionally, stress research has been oriented toward studies involving the body's reaction to stress and the cognitive processes that influence the perception of stress. However, social perspectives of the stress response have noted that different people experiencing similar life conditions are not necessarily affected in the same manner (Pearlin, 1982).