Impact of working Environment on job satisfaction in private banking sector in Madhya Pradesh

Abstract

Workers in Madhya Pradesh's private banking industry are the focus of this research, which seeks to understand how workplace factors affect job satisfaction. This study, which focuses on a geographically and economically important location, offers insights into the particular problems and possibilities encountered by private banking personnel in India's banking sector, which is undergoing tremendous economic and technical revolutions. This research uses a mixed-methods strategy, meaning that it takes both quantitative data from surveys and qualitative information from in-depth interviews. For this study, we polled 300 banking professionals from different private banks in Madhya Pradesh and followed up with 30 in-depth interviews to get a better feel for the range of opinions represented. Results show that leadership style, work-life balance, company culture, and technology adoption are major determinants of job satisfaction. The research shows that digital competences are becoming more important in influencing employee attitudes and happiness, and that supportive management plays a crucial part in this. The importance of sustainable practises and ethical standards in boosting worker morale is further highlighted. A area that is often overlooked in academic studies, Madhya Pradesh's private banking industry is the subject of this study, which adds to the current body of knowledge. Bank management and policymakers may benefit greatly from the study's findings, which provide strategic insights into how to increase employee happiness and, by extension, organisational success. The report also suggests directions for further investigation, such as how to measure the effect of technology advancements on banking workers' happiness on the job over the long run.
Keywords: Job Satisfaction, Working Environment, Private Banking Sector, Madhya Pradesh, Employee Morale, Organizational Culture, Leadership