Stress management in banking sector


                               


Our economy has shown growth in almost all sectors, but stress has also joined hands with growth. Individuals under stress are experiencing various psychological disorders, the feelings of frustration, dissatisfaction with general life. Organization stress ultimately results in employee turnover, changes in employees behavior and attitude.

Stressors

There are numerous factors which cause stress among employees like role conflict, uncertainty, insecurity, fears concerning job loss, job changes, compensation, changes in power, status, prestige, workload, long working hours, technological problem at work, inadequate salary, worries at home, group differences and communication.

There are many workplace stresses, such as clients and deadlines, which can cause stress and anxiety. Therefore, employers should look for ways to help employees reduce these stresses. 

Effect of Stress

Excessive stress proves to be harmful for an individual. It ultimately leads to  health issues and loss of productivity. Absenteeism, arriving late, leaving early, etc., loss of productivity, increase in employee turnover , memory loss, etc., cribbing, various psychological problems, over-reacting, arguing, getting irritated, frustration, suicides, deteriorating health, more of accidents, etc., eating disorders, excessive smoking and drinking, depression, improper work, delay in completion of job etc. are the outcomes of stress.

Various strategies  that ABC bank is implementing to eliminate stress:

Employee Development Programmes (EAP) should be conducted from the initial stage so that employees can easily understand the working environment. Events are being conducted by ABC Bank according to the level of employees. (Quiz competitions, Art competitions for the children of the employees, inter branch cricket and netball matches, family day, colors night, stars etc)

In ABC Bank, HR department always support and encourage taking up roles that help employees to balance work and family life.(Counselling programmes )

Meditation and yoga is also a solution. Expertise is employed for providing counseling service to various employees in ABC bank.

Conclusion 

Efficiency of a workforce is interdependent with the health and inner peace of an employee. Giving more importance to work and less importance to health and family is the main reasons behind this workplace stress. Organizations need to spend on stress management programmes, so they can maximize their profit which would also help in generating satisfaction among employees and creating an environment which is stress free.

References

Kaur,R.P.and Sharma,P.G.(2016) Stress Management in the Banking Sector. Imperial Journal of inter disciplinary research,113-116.

 

Comments

  1. Ruwan Herath19 April 2021 at 04:05

    Stress management is utmost important to every individual in an organization. HR has to play a major role on aware the employees on managing stress in effective manner.

    Below are some steps to manage workplace stress:
    * Keep a journal for a week or two to identify which situations create the most stress and how you respond to them.
    * Take time to recharge such as taking tea breaks, taking biological breaks, taking eye breaks etc..
    * Learn how to relax
    * Talk to your supervisor
    * Get some support from the collogue

    ReplyDelete
  2. Sureni Dias1 May 2021 at 22:10

    As a banker your article is very important to our day to day practice

    ReplyDelete
  3. Chyamali Waidyasiri2 May 2021 at 03:16

    You have clearly indicated how we can overcome the stress and what is the role of HR on aware the employees on managing stress.

    ReplyDelete
  4. Udayakumar14 May 2021 at 14:51

    Effective stress management helps you break the hold stress has on your life, so you can be happier, healthier, and more productive. The ultimate goal is a balanced life, Author clearly mentioned how stress management effect banking sector

    ReplyDelete

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