Effects of Economic Factors on Working Women in Banking Industry (A Comparative Study between Public and Private Sector Banks)

Author:S.K. Agarwala, Jyoti Singhalb*

Abstract:
India is a country with diverse traditions and customs. In all the religions, women hold a venerable position. Unfortunately, since ages, the role of Women of the early centuries were mostly confined to their kitchens and those who were employed worked in factories, farms or shop works. Very few women had the access to higher education and they were forced to be at the mercy of their fathers’ or husbands’ attitudes towards women and work. The fast developing knowledge economy has given place for more number of women to be enlightened by higher education. Education has not only empowered them but also has given them robust careers. With brain power being the requisite skill in this knowledge era, rather than endurance or physical strength, the women workers seem to flood into every industry on par with men. But this has indeed become a tough challenge for women as they have to perform a lot of duties in home and office as well. As working women get married, they have additional responsibilities and when they become mothers, they have to manage the primary care of children and extended family and are thus, under greater pressure to continue on a career path. Working mothers of today fulfil family responsibilities and also try to remain fully involved in their careers coping up with the competing demands of their multiple roles. The caring responsibilities that working mothers have lays a heavy stress on them when it is combined with their professional duties. The attempt of working women to integrate, organize and balance the various problems and activities in their different roles simultaneously puts them under tremendous pressure. As a result, the family becomes an organizational stakeholder and this powerful social trend marked the beginning of the work/life balance paradigm shift. The study is purely exploratory in nature and seeks to identify those economic factors effecting women employees‘s personal and professional life in banking sector with the help of doing a comparative study between public and private sector banks. Further, this aims at finding out the various measures and methods adopted by the public and private sector banks for the betterment of the personal and professional life of women employees working in banks.

Keywords:Keywords: Working women, Selse of self-worth, Volatile market, Socio-economic status of women, Organizational stakeholders.

DOI:

International Journal of Trade & Commerce (Vol: 6 Issue:2)