Employee Empowerment Practices for Organizational Effectiveness of Selected Private Sector Banks in Thiruvananthapuram District

Abstract

The tremendous geopolitical developments, accompanied by waves of economic reforms and liberalization during the dynamic decade of the 1990s, have had a profound impact on the business scenario not only in India but around the world. The removal of trade barriers and the smooth flow of technology, money and labor have contributed to the globalization of business, creating high demand for quality, range, cost and reliability of products and services. At the same time, they "sent a strong signal to companies." As a result, many companies are undertaking major initiatives to build flatter, leaner, smarter organizations and put people at the center of their organizations. But this is not a matter of choice, but a compulsory management strategy in turbulent times Achieving excellence is a journey, not a destination. Finding the right answers to current and emerging problems (and challenges) has proven to be a long and complex, yet highly rewarding and enjoyable experience Organizational Development (OD), People Groups (AWG), self-directed teams (SDT), total quality management (TQM), business process reengineering (BPR), information sharing, and decentralization of power have been tried over the past two decades, but empowerment is clear. emerged as the winner Confidence in an employee's ability, commitment and contribution to the organization is the central theme of this new mantra Also, sharing information about emerging issues and opportunities not only helps bridge the large gap that exists between management and employees, but also helps optimize employee engagement, motivation and performance is also helpful.