Achieving Strategic-Fit in Private Banks - A Study of Indian Banking Sector

Abstract

The key objective of the study is to examine that whether strategic fit exists between various business and human resource strategies of private banks in India. Strategic Human Resource Strategies (SHRM) processes used by the organisations can be aligned, integrated or separate. To reach at strategic fit, it is important that HR strategy to be a part of business strategy forming an integrated process. Data collection is done by the way of Questionnaire and is personally administered to clarify the data. The respondents consist of 50 Managers with diverse roles and functions. These 50 respondents comprised 30 General Managers (i.e., Managers of the strategic Business units) and 20 Managers in charge of the Human Resource function at these Banks. The results propose that in order to study the presence of a strategic role orientation, a wider analytical outline is required that both includes multiple elements within the HR function – especially its structure, extent of devolution of HR activities and skill-set of workforces – and responds to the various and differing viewpoints of different participants in a complex and fast-changing industry environment.