A STUDY ON IMPACT MERGER ON EMPLOYEE WELFARE MEASURE OF STATE BANK OF INDIA

The study investigates the influence of welfare measures on employee well-being following a merger in the context of the State Bank of India (SBI). The study is based on a descriptive research methodology, utilizing both primary and secondary data sources. The research involves a survey of 30 SBI employees across various sections. The paper explores the effects of welfare measures on employees' perceptions and satisfaction levels within the bank. The research findings are summarized in terms of respondents' demographics and their responses to questions related to different welfare measures. The analysis indicates mixed perceptions among employees regarding various aspects of employee welfare: Employee opinions vary concerning the quality of medical facilities provided by the bank. While some respondents appreciate these facilities, others express dissatisfaction or remain neutral; employees’ satisfaction with the bank's working hours varies. While some find them favorable, others do not, and a few remain neutral, most respondents view safety measures positively, indicating that the bank ensures appropriate safety measures for employees, the bank's promotion policy receives mixed reviews, with some employees expressing satisfaction while others have concerns, generally, employees perceive the working environment positively, though some feel improvements could be made, employee opinions about the leave facility are divided, with some satisfied and others expressing dissatisfaction, the employees have mixed opinions about the opportunities for professional growth and skill development provided by the bank and employees' overall satisfaction with employee welfare measures is mixed, with a substantial number expressing satisfaction, but others remaining neutral or dissatisfied. The paper underscores the importance of employee welfare measures, especially following a merger. While some employees are content with the existing measures, others have concerns. The study recommends that the bank address the concerns of dissatisfied employees and leverage positive feedback to improve welfare measures. It emphasizes the need for transparent communication and equal access to growth opportunities to enhance employee satisfaction and well-being. The paper draws attention to the complexity of managing employee welfare measures, which impact the overall functioning and productivity of the organization, particularly in the dynamic context of a merger.


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