AbstractsEconomics

The economic development of a nation lies in the improvement of the newlinequality of life of its people All economic activities are directly or indirectly newlineaimed at achieving better quality of life People spend a major part of their time newlinein some economic activities The efficiency of each activity depends on the newlinequality of work life of the people newline Quality of Work Life studies are increasingly gaining the attention of newlineOrganizations across the world due to their efficacy in increasing productivity newlineas well as job satisfaction of workers A high quality of work life leads to a newlinebetter quality of life of the people and vice versa newlineA high quality of work life QWL is essential for organizations to newlinecontinue to attract and retain employees To keep the organization sustainable newlineemployees need to be motivated to care about the work they do to acquire newlineknowledge related skills and to perform the work to the best of their abilities newlineBanks are no exception to this Workforce of any bank is responsible to newlinea large extent for its productivity and profitability Efficient human resource newlinemanagement and maintaining Quality work life in banks determine not only the newlineperformance of the bank but also affect the growth and performance of the newlineentire economy As banking in India will become more and more knowledge newlinesupported, human capital will emerge as the finest assets of the banking newlinesystem According to an IBA FICCI BCG report India s gross domestic newlineproduct GDP growth will make the Indian banking industry the third largest newlinein the world by 2025 newlineIn order to achieve the organizational goals and ensure customer newlineSatisfaction the employees have to perceive a high quality of work life newline newline%%%appendix p230-250, reference p251-261.