Impact of HRM Strategies on Job Satisfaction in Post-Merger Scenario: A Study of Selected PSBs.

Abstract

The Public Sector Banks (PSBs), have witnessed a significant wave of mergers in recent years, prompting a reevaluation of Human Resource Management (HRM) strategies to navigate the challenges posed by such transitions. This study aims to analyze the impact of Training and Development Policy and Practices (TDPPs), Performance Appraisal Policy and Practices (PAPPs) and Pay Practices (PP) on JS in post-merger scenario in selected PSBs, using multiple linear regression analysis. The study also aimed to identify crucial factors of TDPPs, PAPPs and PP from the perspective of employees and know the difference among the employees of selected banks for the HR dimensions.

Findings revealed that there is no substantial change among the employee’s perception for the JS level, TDPPs, PAPPs, and PP in all the four selected banks. The results also showed that in Canara Bank (CB), there is the highest impact of TDPPs on JS of employees followed by Union Bank of India (UBI), Indian Bank (IB) and Punjab National Bank (PNB). The impact of Performance Appraisal Policy and Practices have the insignificant impact of JS in case of all the four banks. In case of CB, pay practices have the highest impact on JS followed by PNB, and in case of UBI, pay practices have the third highest impact followed by IB. The findings offer actionable insights for HRM practitioners to enhance employees’ JS by focusing on the HRM practices.