Organization Career Management and Its Impact on Career Satisfaction: A Study in the Banking Sector

Over the last two decades, the Indian business organizations have adapted to the changes in the business environment by employing strategies such as restructuring, delayering, downsizing, merging and acquiring. In the process, modern organizations have faced great challenges in managing their people. One of the challenges that organizations are trying to address is the changing nature of career management, which is required to maintain organizational growth. The old bureaucratic framework of career planning characterized by job security has been done away with. The employer offers good pay and rewards for high performance to those who develop broader skills. The present study provides empirical support to the organizations’ efforts to develop the career of employees in the banking sector. A sample of 100 managers in 13 public and private sector banks was studied to know the impact of organization career management on career satisfaction. The results reveal that the programs related to self-development, information about job openings, opportunities to learn new skills and retirement preparation programs have contributed to the feeling of career satisfaction.