COMPARATIVE STUDY ON QUALITY OF WORK LIFE OF PRIVATE & PUBLIC SECTOR BANKS IN PRAYAGRAJ DISTRICT U.P.

Abstract

The expression "quality of work life" refers to an individual's perceptions of all aspects of their employment, including financial compensation and benefits, job security, working conditions, interpersonal and group dynamics, and the intrinsic value of their work in their lives. By including them in decisions that may affect their working lives, it is a method by which an organisation aims to unlock the creative potential of its employees. Hence, it is necessary to enhance the working conditions for bank personnel in order to support the sector as a whole because they are crucial to the development of the national economy. The employees' ability to experience a sense of belonging, which is essential for a business, would be aided by the improvement in workplace quality. In the end, it might motivate them to perform or shoulder additional responsibility. Also, it will improve employee satisfaction at work and at home. This study will assist the business in developing employee career advancement, interpersonal relationships among coworkers, a modern workplace culture, suitable working conditions, and more. The working relationship between the employer, employees, and the company as a whole determines the quality of the work. In order to meet both organisational goals and employee demands, organisations must establish a plan to create a good workplace and to enhance the quality of life for employees. The battle for the best employees has made Quality of Work Life (QWL) a crucial instrument. In order to keep the top employees and recruit the most capable workers, businesses are looking for strategies to raise the QWL. This study aims to evaluate the working conditions for both public and private sector bank employees in the Prayagraj area. This study was conducted as a result of the expansion of job prospects in banks and the realisation that in order to motivate people to work effectively, their requirements must be met. The Likert Scale is the basis for the current investigation. The sample size is 50, with 25 banks from the public sector and 25 from the private sector