Vol. 5 No. 2 (2021)
Articles

Rise In The Stress And Job Dissatisfaction Level Among The Workforce Post Merger With Reference To Bank Of Baroda Merger

Published 2021-07-24

Abstract

Merger And Acquisition Bring Large Numbers Of Critical And Imperative Changes. The Banking Industry Has In The Last Couple Of Years Seen Revolutionizing And Phenomenal Changes, Which Are Brought About In Lieu To Grow And Expand. The Sbi Merger With Its Associates Was One Such Example (1st April 2017). In 2018 Government Came Up With The Plan To Merge Bank Of Baroda, Dena Bank, And Vijay Bank, Which Was Eventually Sanctioned And Approved By All Three In January 2019 Making It The Country's Third-Largest Lender. During Both, The Mergers Country Faced Agitation And Resistance Against The Government's Decision, Which Proves To Be The Reason For Stress And Anger Among The Banking Workforce Across The Nation. The Biggest Challenge For The Management Is Now Regarding The Human Resource This Study Aims To Determine The Employee's Perception Towards The Job Satisfaction Level Post-Merger. The Research Methodology Adopted Is Descriptive In Nature And Depends On Secondary Resources. The Study Found Out That A High Degree Of Integration Is Required As The Banks Have Different Cultures, Which Leads To A Risk Of Cultural Clashes. The Results Also Revealed Several Factors, Which Were Responsible For The Stress And Dissatisfaction Level, Which Include Poor Communication, Insecurity, Uncertainty, And Fear Of Dislocation.