This paper investigates the background, current status and practice adopted by banks for development of their human capital. | Human capital management in banking sector-a conceptual framework International Journal of Management IJM Volume 8 Issue 6 Nov Dec 2017 pp. 44 55 Article ID IJM_08_06_005 Available online at http ijm JType IJM amp VType 8 amp IType 6 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication HUMAN CAPITAL MANAGEMENT IN BANKING SECTOR-A CONCEPTUAL FRAMEWORK Sudershan Chadha Senior Manager Union Bank of India Dr. Daleep Parimoo Professor School of Business Studies Sharda University Greater Noida India ABSTRACT The issue of human resource management has been a long-debated topic for business and professional organisations. Modern view and approach see the workers and employee as human capital. So many research and studies have established the direct relationship between human capital management practices and employee performance which finally establishes a positive relationship between human capital management practices and organisational performance. Traditionally in banking sector there was no such concept of human resource development and so for human resource department was not the part of organisational structure. As professionalism and competition are increasing in banks a need of human development initiative is much felt now. To fulfil the gap banks are setting human resource department in their system. Now a days according to required benchmarks the banks are also trying to establish their standard for human capital management. Although the reports say that most of the commercial banks adopt human capital management practices to an average degree. Some reports also say that HRD department s functioning is far from satisfactory level in majority of the banks yet. But a positive gesture and initiative in this direction is on the flow. In many banks along with training other activities like manpower planning and performance appraisal have also been introduced. .
