Why Stress Management important to the Banking Sector.

 How does stress affect the Banker's life?

1.  Stress has harmful psychological and physiological effects on employees.
2.  Stress has harmful psychological and physiological effects on employees.
3. Stress experienced by one employee can affect the safety of other employees.
4. Controlling dysfunctional stress.

Effect of Stress

 

Excessive stress proves to be harmful to an individual. It ultimately leads to compromised health and loss of productivity. Absenteeism, shirking work responsibilities, arriving late, leaving early, etc., loss of productivity, increase in employee turnover, more error-prone work, memory loss, etc., cribbing, various psychological and psychometric problems, over-reacting, arguing, getting irritated, frustration, suicides, deteriorating health, more of accidents, etc., eating disorders, excessive smoking and drinking, insomnias, depression, improper work, delay in completion of job, etc. are the outcomes of stress. Stress experienced by one employee can affect the security of other employees also. Productivity is directly related to the health of an employee. Healthy employees, higher productivity, and vice-versa. Workplace stress has a significant impact on team performance, employees well being, and the overall performance of an organization. 

Stress Management Programms

Banks are amongst the top ten stressed workplaces in India. To increase the productivity and efficiency of the banks, banks have come forward with a number of solutions. Banks are employing Human Resource practitioners to solve these issues. Human Resource Department has become an integral part of the Bank. Human Resource Practitioners are involved in planning decisions. Banks are implementing various strategies at all levels so that workplace stress can be eliminated. 

• Employee health is being given priority over other things.
• An effective communication strategy is a tool through which the effect of most stressors like uncertainty, insecurity, and fear of job loss can be eliminated.
• Employees are reassessed after the accomplishment of every task.
• It has been proposed that Employee Development Programmes should be conducted from the initial stage so that employees can easily understand the working environment. 
• Stress Control Workshops are being conducted by Banks according to the level of employees. 
• Stress in the banking sector is mostly due to excess work pressure and work life

Suggestions to Reduce Stress

• Job roles need to be identified to eliminate role ambiguity.
• Employees' grievances must be handled carefully so that they can mingle in the working culture of the organization. It is important from the point of view of organizational objectives as we all know that only a satisfied employee is capable of satisfying the customer and customer‟s satisfaction is the priority of any organization.
• Psychiatrists should be employed so that stress audits can be conducted at all levels in the organization and stress-prone areas can be identified. Thus, improving the conditions of the job and alleviating job stress.
• Organizations should manage people at work differently, treating them with respect and valuing their contribution Thus, effective stress management and professional help can improve the performance of employees,                                                                                                                               
  

References

• Akankshi Singh &(2019) Stress Management of Banking Sector Employees. [Online] Available at http://www.ijmer.com/papers/Vol6_Issue3/Verson-2/A6320104.pdf [Accessed on 08.12.2022].