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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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| Paper Title: | Addressing Stress in Nagpur`s Private Banking Sector |
| Authors Name: | Prachi Kature , Dr.Anant Deshmukh |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_190282
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| Published Paper Id: | IJRTI2409002 |
| Published In: | Volume 9 Issue 9, September-2024 |
| DOI: | |
| Abstract: | The private banking sector in Nagpur has grown significantly over the last decade, resulting in a more competitive work climate. This fast development, while economically advantageous, has created a number of pressures that have an impact on employees' emotional and physical well-being. The purpose of this study article is to investigate the important elements that contribute to stress among employees in Nagpur's private banking industry, analyze the impact of this stress on their performance and job satisfaction, and offer effective stress management and mitigation measures. To get a thorough knowledge of the problem, the research employs a mixed-methods approach that includes real-world examples and market case studies. Surveys and a literature study were done among workers of Nagpur's several private banks, with an emphasis on their workload, work-life balance, management methods, and organizational culture. According to the investigation, the major causes of stress are an excessive workload, a poor work-life balance, and a perceived lack of managerial assistance. Furthermore, the study found that this stress had a considerable detrimental influence on job performance, leading to lower productivity, higher absenteeism, and higher turnover rates. To address these issues, the report suggests a multifaceted strategy to stress management, which includes both short-term and long-term measures. Short-term solutions include creating flexible working hours, offering access to mental health services, and encouraging open communication between employees and management. Long-term solutions highlight the necessity of organizational changes, such as redistributing workloads, fostering a supportive work environment, and establishing stress management training programs. The outcomes of this study highlight the important need for private banks in Nagpur to emphasize employee well-being in order to sustain a productive and engaged staff. Banks that use the offered measures can increase not just employee happiness, but also overall organizational performance. |
| Keywords: | Stress Management, Private Banking Sector, Employee Well-being, Workload, Work-Life Balance, Organizational Culture, Nagpur |
| Cite Article: | "Addressing Stress in Nagpur`s Private Banking Sector", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 9, page no.13 - 25, September-2024, Available :http://www.ijrti.org/papers/IJRTI2409002.pdf |
| Downloads: | 000205238 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID: IJRTI2409002
Registration ID:190282
Published In: Volume 9 Issue 9, September-2024
DOI (Digital Object Identifier):
Page No: 13 - 25 Country: Nagpur, Maharashtra, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2409002 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2409002 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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