Study of Human Resource System, Competitive Advantage Status and Their Relation in Indian Public Sector Banks

Managing people is one of the key challenges faced by the banks. There is a need to pay attention to the human resource (HR) management function, which is mandatory for the banks that want to survive in this changing economy where there is so much competitive pressure. Banks mainly focus on the quarter to quarter and annual financial results. Even now also, banks are still using conventional HR practices. They have to realise that trends have changed and to sustain in this complex world; they have to re-energise their HRs and modify their HR function to change the environment to meet the needs of customers. This paper tries to examine the current level of HR system and competitive advantage status in public sector banks. Further, it analyses the relationship between the two variables and the impact of HR system on the competitive advantage status with the help of mean, correlation and regression analysis techniques.